Money in Motion

Tough Talk on Currency Intervention, Tough Job Market in Australia

Central banks go easy and the Australian jobs report disappoints - it's time for your FX Fix.

The European Central Bank left interest rates unchanged, as expected. as investors awaited a possible shift in interest rate policy. [CNBC]

The Bank of England also left interest rates unchanged, and the door is open for more quantitative easing. [CNBC]

Weaker than expected jobs numbers sent the Australian dollar lower. [WSJ]

Norway and Sweden may opt to cut interest rates if safe-haven money keeps flowing north. [WSJ]

Don't expect the U.S. to get involved in managing currency levels, a Treasury official says. [FT]


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