Money in Motion

Dollar Sails, Euro Sags

Inflation bites in China, Italy and Greece sting the euro - it's time for your FX Fix.

As euro-zone officials get ready for an emergency meeting on Greece, the euro is falling, at one point to under  $1.41. [WSJ]

Euro leaders may be prepared to accept a default by Greece on some of its bonds. []

It's a risk-off kind of day and the dollar is lifting. []

Investors' search for safe havens is sending them away from the Australian dollar. [WSJ]

Inflation in China hit a three-year high and the central bank vowed to make it a priority, raising rate-hike expectations. [Reuters]

CME is planning to launch foreign-exchange futures contracts based on Chinese currency. [FT]


Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

"Money in Motion Currency Trading" repeats on Saturdays at 7pm.