Dollar Lifts, Spanish Woes Hit the Euro

PUBLISHED: Thu, 05 Apr 2012 12:05:51 GMT

Kelley Holland

Source: Dollar Lifts, Spanish Woes Hit the Euro

Euro zone worries mount and Malawi has a currency problem – it’s time for your FX Fix.

Falling Spanish bond prices and renewed worries about the euro zone sent the euro broadly lower. [CNBC]

The euro breached the floor set by the Swiss against the Swiss franc, but Switzerland appeared to intervene. FT]

Concerns that central banks aren’t doing enough to spur a global economic recovery sapped risk appetite and lifted the dollar. [RTT]

The yen remained firm as worries mounted about the euro zone. [WSJ]

As expected, the Bank of England left interest rates and its target for asset purchases unchanged, and the pound fell. []

Malawi, once seen as a promising investment destination for multinationals, has an extreme foreign-currency shortage and political unrest. [WSJ]



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.