Earnings weigh on risk and the IMF issues a euro zone warning – it’s time for your FX Fix.
Concerns about corporate earnings dampened risk appetite, and the dollar held near a one-month high. [CNBC]
Leaders’ stuttering progress in addressing the euro zone crisis put pressure on Spanish and Italian bonds, and sent the euro lower. [CNBC]
The IMF warned in a new report that the euro zone is at risk of a “downward spiral of capital flight, breakup fears and economic decline.” [actionforex.com]
Downbeat consumer sentiment data sent the Australian dollar lower. [WSJ]
The Bank of Japan said the strong yen was a factor in its latest rate cut, which could fuel market expectations for a new cut if the currency rises further. [WSJ]
Reports that South Africa’s labor strife may be close to a resolution sent the battered rand higher. [WSJ]
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.