Pound Is Weighed Down, Aussie Lifts
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The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.
The British pound fell after the Bank of England voted to buy 75 billion pounds more in assets, launching its own QE2. CNBC]
Investors think the European Central Bank could set the stage for a December rate cut today. [Reuters]
The Swiss franc moved off new lows after a report showed inflation running higher than expected. [RTT]
The Australian dollar lifted on hopes of moves by the IMF to alleviate the European debt crisis. [WSJ]
Turkey's central bank supported the lira again, and it strengthened. [CNBC]
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