Money in Motion

Pound Is Weighed Down, Aussie Lifts

The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.

The British pound fell after the Bank of England voted to buy 75 billion pounds more in assets, launching its own QE2. CNBC]

Investors think the European Central Bank could set the stage for a December rate cut today. [Reuters]

The Swiss franc moved off new lows after a report showed inflation running higher than expected. [RTT]

The Australian dollar lifted on hopes of moves by the IMF to alleviate the European debt crisis. [WSJ]

Turkey's central bank supported the lira again, and it strengthened. [CNBC]


Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.

Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.       

               Talk back: Tell us what you want to hear about at