GO
Loading...

Dollar Slips Ahead of FOMC, British Pound Takes a Hit

A weak GDP slams the pound and strong earnings lift the euro - it's time for your FX Fix.

The euro rose to a three-week high against the dollar as strong corporate earnings boosted risk appetite. [CNBC]

A new economic report showed that Britain is back in a recession, and the pound fell. [WSJ]

Strong corporate earnings lifted the Australian dollar, which clawed back Tuesday's losses following a weak inflation report. [actionforex.com]

The dollar fell ahead of today's FOMC meeting, and investors focused on Fed Chairman Ben Bernanke's post-meeting press conference. [fxstreet.com]

European Central Bank President Mario Draghi said a move away from the bank's easy-money policy would be "premature" given economic uncertainties. [WSJ]

--------------------

MULTI CURRENCIES VS THE DOLLAR

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 moneyinmotion@cnbc.com.