Euro Sinks, China Reserves Dip

fx_fix_1_200.jpg

Italy's bond sale disappoints and the Swiss franc is rich - it's time for your FX Fix.

The euro fell after Italy faced anemic demand for its latest bond auction. [CNBC]

China's reserves slipped in the fourth quarter, indicating its days of rapid foreign-currency accumulation may be numbered. [CNBC]

The yen-dollar pair has become almost free of volatility, forcing traders to unwind positions and take losses. [FT]

The Indian rupee briefly hit a six-week high against the dollar, but gave back some gains as the euro weakened. [WSJ]

According to The Economist's Big Mac index, the Swiss franc is the most overvalued currency against the dollar. [economist.com]

----------------------------

MULTI CURRENCIES VS THE DOLLAR

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 Currency Terms. Top strategies are broken down for you in Currency Class.

Talk back: Tell us what you want to hear about at moneyinmotion@cnbc.com.