Monday, October 15, 2012

Euro Treads Water, China Outperforms

Euro awaits a move by Spain and China fools the forecasters - it's time for your FX Fix.

With traders awaiting word on whether Spain will seek a bailout, the euro treaded water. [CNBC]

Rifts widened between top finance officials at the IMF/World Bank meetings, possibly hampering their ability to find ways to jointly help the global economy. [WSJ]?

Better then expected economic reports from China boosted risk appetite and sent the dollar and yen lower. [dailyfx.com]

Norway's trade surplus declined in September, but the krone showed little reaction. [RTT]

Standard & Poor's cut South Africa's sovereign debt rating late Friday, and the rand slumped. [CNBC]

Fed Chairman Ben Bernanke encouraged developing countries to allow their currencies to appreciate, since forcing them lower raises inflation risks and reduces monetary independence. [WSJ]

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

CURRENCY FUTURES:

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 .

? 2012 CNBC.com

Source: http://www.cnbc.com/id/49414218?__source=RSS*tag*&par=RSS

travis pastrana quinton coples a.j. jenkins riley reiff david decastro aj jenkins shea mcclellin

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.