Fed Meeting News Looms, and Steadies the Euro
The euro lifts, and British pound slips, and the Afghan currency don't get no respect — it's time for your FX Fix.
Expectations of new monetary stimulusfrom the Federal Reserve steadied the euro against the dollar. [CNBC]
Demand from Japanese exporters helped lift the yen ahead of the post-FOMC press conference. [WSJ]
The Australian dollar also rose on expectations of further stimulus from the Federal Reserve. [WSJ]
The British pound, meanwhile, fell on a belief that the Bank of England as well as the Fed would undertake further easing measures. [FT]
With investors seeking currency safe havens, interest rates on Danish debt turned negative on strong demand. [WSJ]
German producer-price inflation hit a two-year low, suggesting the European Central Bank has room to take action to stem the euro zone debt crisis. [WSJ]
The Afghan currency, the afghani, don't get no respect. [CNBC]
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