Money in Motion

Euro Hovers, Central Bank Meetings Loom


Central bank meetings await and the Bank of England is looking for some lending — it's time for your FX Fix.

With the Federal Reserve's interest rate meeting starting later today, the dollar slipped. []

Growing doubts that the European Central Bank can meet expectations for dramatic crisis-solving action kept the below recent highs. [CNBC]

At 11.2 percent, euro zone unemployment hit a record high in June. [RTT]

Elsewhere, though, the Australian dollar hit a four-month high on hopes for stimulus moves by central banks. [CNBC]

The Canadian dollar also lifted on hopes for stimulus from central banks. []

The Bank of England is launching a new program to spur bank lending, and officials think it will leave interest rates unchanged as a result. [WSJ]



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