Money in Motion

Euro Slips, Jubilee Coin Glitters


Unemployment and Spanish bank woes weigh on the euro, and Britain has a smashing new coin - time for your FX Fix.

European Central Bank President Mario Draghi told the European Parliament that the ECB is reaching the limits of its powers to combat the euro zone crisis. [NYT]

are sending more of their money to overseas banks, a report shows. The euro sank on the news. [CNBC]

Euro zone unemployment at 11 percent, matching the record high reached in March, also weighed on the euro. [FT]

As euro zone tensions rose, interest rates on two-year turned negative as investors sought out safe havens. [CNBC]

Weak housing data raised the potential for an interest rate cut in Australia, and the Australian dollar fell. [FT]

Britain's manufacturing sector contracted for the first time in six months, and the British pound fell on the news. [RTT]

A private British mint has created a with 60 ounces of silver and 60 diamonds to celebrate Queen Elizabeth's 60 years as monarch. Check it out right here. [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