Money in Motion

Euro Lifts, and the European Central Bank's Draghi Talks Tough


'Super Mario' is in the spotlight and the Swiss economy is shrinking - it's time for your FX Fix.

Hopes for action at the upcoming European Central Bank meeting sent the higher. [CNBC]

European Central Bank President said the ECB can buy short-term sovereign bonds under European Union rules, and Italy's bond yields fell. [CNBC]

The Swiss economy unexpectedly contracted in the second quarter, but the Swiss franc shrugged off the news. []

U.K. manufacturing activity declined slightly in August, and the British pounddrifted lower on the negative number. []

Australia's central bank left interest rates unchanged at its latest meeting, and the Australian dollar, and the Australian dollar moved higher. [RTT]



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