Money in Motion

Dollar Slips Ahead of FOMC, British Pound Takes a Hit


A weak GDP slams the pound and strong earnings lift the euro - it's time for your FX Fix.

The euro rose to a three-week high against the dollar as strong boosted risk appetite. [CNBC]

A new economic report showed that Britain is back in a recession, and the pound fell. [WSJ]

Strong corporate earnings lifted the Australian dollar, which clawed back Tuesday's losses following a weak inflation report. []

The dollar fell ahead of today's FOMC meeting, and investors focused on Fed Chairman Ben Bernanke's post-meeting press conference. []

European Central Bank President Mario Draghi said a move away from the bank's easy-money policy would be "premature" given economic uncertainties. [WSJ]



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