Money in Motion

Awaiting Central Bank Moves, the Euro Treads Water


Central bank policy decisions are looming and economic idea merchants are chattering — it's time for your FX Fix.

The held steady ahead of monetary policy decisions by the Federal Reserve and European Central Bank. [CNBC]

Selling by Japanese exporters sent the dollar to a two-month low against the yen. [WSJ]

The New Zealand dollar rose in Asian trading on hopes for a positive outcome from the Federal Reserve meeting. [WSJ]

European investors seeking a safe haven currency are pushing the Australian dollar higher despite the fall in commodity prices. [FT]

U.K. manufacturing contracted at its fastest rate in more than three years in July, and the British pound fell. []

Euro zone factory activity also fell at its fastest rate in three years in July. [WSJ]

Economic idea merchants are hoping for glory with their proposed solutions to the euro zone crisis. [NYT] 



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