Money in Motion

Euro Catches Updraft, Dollar Drifts

The Jackson Hole confab looms and German business is less bad than feared - it's time for your FX Fix. 

With the Jackson Hole economic symposium looming, the dollar is treading water. []

A German business survey was not as bad as expected, lifting the euro slightly. [CNBC]

The Olympics didn't lift the British pound, but it has now risen above its 200-day moving average against the dollar. []

The Australian dollar slipped along with Chinese industrial profits, but traders said hopes for more stimulus moves in the U.S. and Europe could push it higher. [WSJ]

The New Zealand dollar also traded lower, but hopes for more action from central banks kept it rangebound. [WSJ]

Have commodity currencies already priced in all the good news out there? []



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