Money in Motion

Washington Scolds, Yen Rises


Italy manages a bond sale and the U.S. scolds Japan - it's time for your FX Fix.

Italy's short-term debt costs were halved in its latest bond auction, but the euro-dollar pair barely budged. [RTT]

The U.S. criticized Japan's intervention and called China's efforts to lift the yuan insufficient, but stopped short of claiming currency manipulation. [WSJ]

The yen moved higher after the U.S. criticism. [FT]

The Canadian dollar strengthened on higher oil prices and firming stock prices. [Bloomberg]

The Swiss franc rose after data from the Swiss KOF research institute fell to a two-year low. []



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