Dollar Slips, Yen Slides, Copper Prices Lift the Aussie
Risk appetite is on the rise and the Bank of India is ready to move - it's time for your FX Fix.
Optimism about negotiations on the U.S. fiscal cliff raised risk appetite and sent the dollar lower. [FT]
The euro rose ahead of Tuesday's talks on another tranche of aid to Greece. [dailyfx.com]
Fears of more monetary easing sent the yen to a seven-month low against the dollar. [CNBC]
A rally in copper prices and a pickup in risk appetite gave the Australian dollar a boost. [CNBC]
Producer prices declined in New Zealand, but the New Zealand dollar showed little reaction. [dailyfx.com]
China's yuan hit its daily upper limit boosted by local currency demand. [WSJ]
The Bank of India is prepared to intervene in the markets to rein in any sharp fall in the rupee, a top official said. [WSJ]
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at firstname.lastname@example.org.