Dollar Lifts, Euro Sinks, Iran Cracks Down

PUBLISHED: Mon, 08 Oct 2012 11:51:10 GMT

Kelley Holland

Source: Dollar Lifts, Euro Sinks, Iran Cracks Down

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.       

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.