Debt-Ceiling Drama and Euro Jitters


Bank stress tests are straining the euro and the dollar is awaiting a deluge - it's time for your FX Fix.

Get ready for the dollar to react to a deluge of data. []

The euro weakened ahead of the bank stress-test reports. [CNBC]

The dollar, on the other hand, strengthened as traders sought a safe haven. []

Earlier, the dollar dropped after Standard & Poor's warned the U.S. could lose its AAA rating, but it steadied on hopes for a debt-ceiling deal. [FT]

After Fed Chairman Ben Bernanke said the Fed is not really planning QE3, the Swiss franc slipped against the dollar and the euro. [FT]

China's grand plan to make the yuan more international has had unintended side effects - like hot money. [WSJ]


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.