Dollar Lifts, Euro Falls, Australian Employment Disappoints
By: Kelley Holland | News Writer
Risk aversion reigns and Korea tries to head off the slowdown storm - it's time for your FX Fix.
The dollar and yensoared in Asian trading after the Federal Reserve and the Bank of Japan opted not to increase stimulus efforts. [dailyfx.com]
After the Federal Reserve dampened expectations for monetary stimulus, risk appetite waned and the euro fell to a two-year low against the dollar. [CNBC]
An unexpected drop in Australian employment sent the Australian dollar lower. [RTT]
As other central banks cut rates, the yen is becoming less appealing as a funding currency. [WSJ]
Korea unexpectedly cut a key interest rate, trying to offset Europe's debt crisis and China's slowdown, and the won fell. [csmonitor.com]
Indonesia kept its policy rate unchanged, as expected, trying to balance rupiah volatility and falling exports. [CNBC]
Political uncertainties and tight trading ranges are curbing big investors' foreign exchange trading activity. [WSJ]
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