Euphoria Fades, Yen and Dollar Lift


Concerns about the prospect of more Congressional wrangling tamped down risk appetite and sent the dollar higher. [CNBC]

After hitting a 29-month low after the 'fiscal cliff' deal was signed, the yen edged higher as market euphoria faded. [CNBC]

Waning risk appetite weighed on the euro, as did the currency's failure to break through a critical level after the 'fiscal cliff' deal was reached. [WSJ]

German unemployment rose less than expected, but the report failed to offset the euro's weakness. []

A weaker than expected report on construction activity sent the British pound lower. []

The Egyptian pound slid again after the central bank conducted its fourth auction of foreign currency, aiming to slow the depletion of its foreign reserves. [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 Terms Dictionary. Top currency strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about - email us