Money in Motion

Euro Skids on Greece, Yen Slides


Japan's exports slide again and Bank of England members question QE - it's time for your FX Fix.

Japanese exports fell for the fifth month in a row, and the dollar passed its seven-month high against the yen. [Reuters]

The fell after Greece's international lenders failed to agree on terms for the country's next aid tranche. [CNBC]

Bank of England meeting minutes revealed doubts about the merits of quantitative easing, and the British pound rose briefly. []

Australia's central bank has been significantly increasing its foreign currency holdings. [CNBC]

The fell on news of the Greek deal snag, but remained near seven-month highs against the battered yen. [CNBC]

With risk aversion growing in the market the Brazilian real opened weaker, approaching levels that could test the central bank's willingness to intervene to halt its slide. [Reuters]



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