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Euro Lifts, Investors Await "Super Mario"

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Published: Thursday, 2 Aug 2012 | 8:13 AM ET
Kelley Holland By: | News Writer

The European Central Bank's president is in the hot seat and things are looking up down under - it's time for your FX Fix.

The European Central Bank kept interest rates unchanged, lifting the euro, as investors await President Mario Draghi's press conference. [bbc.co.uk]

Despite signs of a deepening recession, the Bank of England kept policy unchanged, and the pound rose. [RTT]

Upbeat retail sales and trade reports in Australia halted the Australian dollar's slide against other major currencies. [RTT]

With the Federal Reserve giving no signs of easing on Wednesday, emerging market currencies gave back some of their recent gains. [WSJ]

Japanese officials have stepped up their rhetoric on the yen's strength, making an intervention more possible. [CNBC]

China's central bank says it will make stabilizing economic growth a bigger priority. [WSJ]

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The European Central Bank's president is in the hot seat and things are looking up down under — it's time for your FX Fix.

   
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