Euro Lifts, Krona Tumbles, Bank of England Stands Pat
The European Central Bank holds its interest rate fire, but Sweden cuts - it's time for your FX Fix.
The euro hit a two-month high the European Central Bank left its main refinancing rate on hold. [Reuters]
Sweden unexpectedly cut interest rates and the Swedish krona tumbled to a seven-week low against the euro. [CNBC]
The Bank of England left policy rates unchanged, and the pound moved up against the dollar. [nasdaq.com]
Australia's economy shed jobs in August, creating a new reason for interest rate cuts, but the Australian dollar rose. [dailyfx.com]
In light of inflationary risks, Brazil's central bank said any further interest rate cuts should be undertaken with "maximum" caution. [Reuters]
Portugal won't meet its bailout goal, an opposition party leader said. [CNBC]
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