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Euro Lifts, and the European Central Bank's Draghi Talks Tough

Tuesday, 4 Sep 2012 | 7:39 AM ET

'Super Mario' is in the spotlight and the Swiss economy is shrinking - it's time for your FX Fix.

Hopes for action at the upcoming European Central Bank meeting sent the euro higher. [CNBC]

European Central Bank President Mario Draghi said the ECB can buy short-term sovereign bonds under European Union rules, and Italy's bond yields fell. [CNBC]

The Swiss economy unexpectedly contracted in the second quarter, but the Swiss franc shrugged off the news. [economictimes.indiatimes.com]

U.K. manufacturing activity declined slightly in August, and the British pounddrifted lower on the negative number. [dailyfx.com]

Australia's central bank left interest rates unchanged at its latest meeting, and the Australian dollar, and the Australian dollar moved higher. [RTT]

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