Money in Motion

Italy Roils Euro, Yen Jumps


The briefly hit a seven-week low against the dollar on fears about political gridlock in Italy. [CNBC]

Investors jarred by the Italian election went looking for safe havens, and the moved sharply higher. [CNBC]

As the euro fell six big figures against the yen, other currencies traded against the yen, like the , were also buffeted. [CNBC]

British travelers, worried that the pound has further to fall, are stocking up on dollars and euros, according to currency providers. []

A top Bank of England official, speaking to Parliament, said the British pound could face additional credit-rating cuts. []

Dollar traders are waiting to see how Fed Chairman Ben Bernanke discusses future stimulus plans in Congressional testimony today. [CNBC]

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