Money in Motion

Safe Havens Soar, Central Banks Wade In

The G20 promises help, but riskier currencies still take a hit - it's time for your FX Fix.

A senior European Central Bank official says a Greek default is no longer impossible. [CNBC]

The South Korean won moved slightly higher against the dollar amid talk the Bank of Korea intervened. [WSJ]

The G20 promised coordinated action to shore up the global economy, but gave few details. [FT]

The euro moved higher after the G20 assurances, but risk aversion remains strong. [FT]

The Australian and New Zealand dollars fell sharply in Asian trading thanks to shaken investors' risk aversion. [WSJ]

After the dollar and the yen soared during Thursday's selloff, Japan's finance minister warned of possible future market intervention. [CNBC]


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