Euro Stalls, Aussie Dollar Falls


Traders are wondering how much more room the euro has to rise, and trade-deficit numbers are hitting the Australian dollar — it's time for your FX Fix.

Say what? The Chinese raised benchmark interest rates a quarter of a point, as expected, but they did it when the Hong Kong and Chinese markets were closed. [WSJ]

The Australian dollar fell after the Chinese move, and also after disappointing trade figures were released. [WSJ]

Ben Bernanke's comments on inflation vigilance are lifting the dollar. []

Not so the euro, which is sagging as traders wonder how much more room it has to rise. [Reuters]

The British pound, though, is firming after a report of strong service-sector activity. [BBC]

Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm.

"Money in Motion Currency Trading" repeats on Saturdays at 7pm.