Money in Motion

Dollar Slumps, British Pound Slips

Nerves ahead of a Fed policy decision, doves at the Bank of England - it's time for your FX Fix.

The dollar was near a record low against the yen Wednesday ahead of a Federal Reserve policy decision. [CNBC]

Minutes from a Bank of England committee meeting suggest more quantitative easing may be in the offing,and the pound slipped.[CNBC]

China is on a foreign-currency shopping spree. [CNBC]

Japan unveiled plans to deal with the yen's strength. [WSJ]

The Greek government is due to outline austerity plans, and the European Commission says the country is on track to receive more funds. [abcnews]

Strong Chinese economic data and optimism that the Fed will unveil economy-strengthening plans lifted the Australian dollar. [WSJ]


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