Euro Hovers, Central Bank Meetings Loom
Central bank meetings await and the Bank of England is looking for some lending — it's time for your FX Fix.
With the Federal Reserve's interest rate meeting starting later today, the dollar slipped. [marketwatch.com]
Growing doubts that the European Central Bank can meet expectations for dramatic crisis-solving action kept the euro below recent highs. [CNBC]
At 11.2 percent, euro zone unemployment hit a record high in June. [RTT]
Elsewhere, though, the Australian dollar hit a four-month high on hopes for stimulus moves by central banks. [CNBC]
The Canadian dollar also lifted on hopes for stimulus from central banks. [corporate-fx.co.uk]
The Bank of England is launching a new program to spur bank lending, and officials think it will leave interest rates unchanged as a result. [WSJ]
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