GO
Loading...

Euro Slips, Yen Lifts, Spain Gets a Boost

Wednesday, 28 Nov 2012 | 7:53 AM ET

Aid to Spain eases that country's pain but Greek drama still weighs on the euro - it's time for your FX Fix.

A lack of detail in the new Greek aid package worried investors and sent the euro lower. [CNBC]

German inflation hit its lowest level in four months, adding to pressure on the euro. [dailyfx.com]

Remaining worries about Greece, combined with concerns about the U.S. fiscal cliff, weighed on the Australian and New Zealand dollars. [CNBC]

Concerns about the progress of negotiations on averting the fiscal cliff sent the dollar lower against the yen. [WSJ]

The European Commission is allowing Spain to overhaul its nationalized banks and opened the door to disbursing 40 billion euros in euro zone aid. [CNBC]

Will the Bank of England's new governor bring a hawkish tone to the central bank and the pound? Currency traders seem to think so. [FT]

-------------------------

CURRENCY FUTURES:

  Name Price   Change %Change
USD IDX FUT
---
EUR/USD FUT
---
USD/JPY FUT
---
GBP/USD FUT
---
USD/CAD FUT
---

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 moneyinmotion@cnbc.com.

Featured