Real-Time Quote
US News
Page 1 of 2 | Next Page
Show Entire Article

Merkozy Meeting Lifts the Euro, Tax Cuts Lift the Real | December 05, 2011 | 07:59 AM EST

European leaders huddle and the euro lifts - it's time for your FX Fix.

Business surveys suggest the economic contraction in the euro zone could be worse than expected. [CNBC]

French President Nicolas Sarkozy and German Chancellor Angela Merkel are meeting on the debt crisis, giving the euro a lift. []

Hopes for an end to the debt crisis lifted risk appetite and weighed on the dollar . []

Italian Prime Minister Mario Monti will present to Parliament plans for tax hikes and spending cuts , trying to end Italy's budget crisis. [CNN]

The Brazilian real got a lift from tax cuts announced last week and hopes for a resolution to the European debt crisis. [WSJ]

Forex traders are bracing for a volatile year-end after indications that numerous big investors already closed their forex books for 2011 , reducing market volume. [FT]



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.

Page 1 of 2 | Next Page
Show Entire Article
Real-Time Quote
omniture pixel