Money in Motion

Euro Slips, Swiss Franc Slides, Metallica Studies Forex

The euro slips on credit warnings, and Metallica rocks currencies — it's time for your FX Fix.

The dollar rose and the euro slipped after Standard & Poor's put 15 euro-zone countries on negative credit watch. []

Swiss prices fell in November, and the Swiss franc fell sharply on worries that the central bank will change its target rate against the euro. []

Australia's central bank cut interest rates 25 basis points, and the Australian dollar fell. [WSJ]

The new pan-European Union securities watchdog warned consumers about unregulated FX firms selling things like contracts for difference and forward contracts. [FT]

Amid the crisis negotiations, the European Central Bank released an online video celebrating the euro's first ten years. [FT]

Metallica and other rock bands are trying to master the currency markets to protect their overseas income. [WSJ]



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Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.       

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