Tough Talk on Currency Intervention, Tough Job Market in Australia
Central banks go easy and the Australian jobs report disappoints - it's time for your FX Fix.
The European Central Bank left interest rates unchanged, as expected. as investors awaited a possible shift in interest rate policy. [CNBC]
The Bank of England also left interest rates unchanged, and the door is open for more quantitative easing. [CNBC]
Weaker than expected jobs numbers sent the Australian dollar lower. [WSJ]
Norway and Sweden may opt to cut interest rates if safe-haven money keeps flowing north. [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.
Talk back: Tell us what you want to hear about at email@example.com.