Money in Motion

Asian Currencies Fall, European Leaders Flail

European leaders talk and talk, and hot money cools toward Asia - it's time for your FX Fix.

Germany and France assured Greece that it would remain in the euro zone, and the euro stabilized. [FT]

But Germany's Angela Merkel said the idea of euro bonds is "absolutely wrong." [Reuters]

Retail sales in Britain fell less than expected, and the pound turned slightly higher. []

The Swiss franc was unchanged after the Swiss National Bank again vowed to cap the currency's strength. [Reuters]

Some traders are positioning themselves to benefit if the Swiss National Bank can't keep the franc in check. [WSJ]

The South Korean won fell to a six-month low on strong offshore selling, and some other Asian currencies are following suit. [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