Money in Motion

Roubini Talks Recession and Euro Slips

British data confuses, Trichet talks tough, and Dr. Doom is gloomy again - it's time for your FX Fix.

Nouriel Roubini says a double-dip recession is coming, and the mess in Europe will just determine how bad it is. [CNBC]

The euro slipped on caution over the Slovak vote to expand the stabilization fund. [CNBC]

In case you weren't concerned enough, European Central Bank President Jean-Claude Trichet warned that the euro crisis is systemic. [Reuters]

The Australian dollar moved higher and briefly reached parity with the U.S. dollar on improved sentiment toward Europe. [WSJ]

British industrial production unexpectedly rose in August, but manufacturing output fell, and the pound was mixed. [RTT]



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