Investors fret over the global economy and Iran gets tough on currency traders – it’s time for your FX Fix.
Renewed worries about the global economic outlook sent the safe-haven dollar and yen higher. [CNBC]
The Australian and New Zealand dollars fell amid concerns about the global economy and indications of further softening in the Australian labor market. [CNBC]
With a meeting of euro zone finance ministers looming and Spain’s economy teetering, the euro fell. [WSJ]
Labor unrest continued in South Africa, and the rand continued its slide. [WSJ]
In an effort to force the rial higher, Iranian officials are forcibly shutting currency trading shops and arresting traders. [FT]
With questions persisting over an international financing deal,Hungary’s forint led emerging European currencies lower. [CNBC]
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.