Money in Motion

Hope Lifts the Euro, Central Bank Lifts the Aussie


The euro rides on hope for crisis help, and Australia stays put on rates - it's time for your FX Fix.

The rose on hopes that the European Central Bank will act to lower Spain and Italy's borrowing costs. [CNBC]

Improved risk sentiment kept the dollar firm against the yen in Asian trading. [WSJ]

Australia's central bank left interest rates unchanged and sounded in no rush to ease again, sending the Australian dollar higher. [CNBC]

Political tensions, economic weakness, and global economic concerns could make the British pound lose its bounce. [WSJ]

Firming oil prices sent the Russian ruble to its highest level since May. [CNBC]

Romania's central bank intervened to strengthen the Romanian leu after political infighting sent it to a record low. [FT]



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