Money in Motion

Euro Lifts, Krona Tumbles, Bank of England Stands Pat

The European Central Bank holds its interest rate fire, but Sweden cuts - it's time for your FX Fix.

The hit a two-month high the European Central Bank left its main refinancing rate on hold. [Reuters]

Sweden unexpectedly cut interest rates and the tumbled to a seven-week low against the euro. [CNBC]

The Bank of England left policy rates unchanged, and the pound moved up against the dollar. []

Australia's economy shed jobs in August, creating a new reason for interest rate cuts, but the Australian dollar rose. [] 

In light of inflationary risks, Brazil's central bank said any further interest rate cuts should be undertaken with "maximum" caution. [Reuters]

won't meet its bailout goal, an opposition party leader said. [CNBC]



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