Money in Motion

Euro Lifts, Investors Await "Super Mario"


The European Central Bank's president is in the hot seat and things are looking up down under - it's time for your FX Fix.

The European Central Bank kept interest rates unchanged, lifting the euro, as investors await President Mario Draghi's press conference. []

Despite signs of a deepening recession, the Bank of England kept policy unchanged, and the pound rose. [RTT]

Upbeat retail sales and trade reports in Australia halted the Australian dollar's slide against other major currencies. [RTT]

With the Federal Reserve giving no signs of easing on Wednesday, emerging market currencies gave back some of their recent gains. [WSJ]

Japanese officials have stepped up their rhetoric on the strength, making an intervention more possible. [CNBC]

China's central bank says it will make stabilizing economic growth a bigger priority. [WSJ]



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