Money in Motion

British Pound Lightens, Aussie Lifts

Turkey gets tough and the Australians go shopping - it's time for your FX Fix.

The euro rose on comments from an IMF official that they might invest in Spanish and Italian bonds. [Reuters]

Decent British service-sector data lifted the pound. [FT]

Better than expected retail sales data gave the Australian dollar a lift. [WSJ]

The Turkish lira strengthened after Turkey's central bank intervened to prop it up. [CNBC]

Russia stepped up its intervention to defend the ruble. [CNBC]

The yuan was one of the best performing currencies last month, thanks to its link to the dollar. [WSJ]

New York sued Bank of New York Mellon, joining several other states, accusing them of cheating clients in FX transactions. [Reuters]


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