Money in Motion

Japan Eases, Euro Slips, Iceland Steps Back

The Bank of Japan eases, euro traders take profits, and Iceland says later for the euro — it's time for your FX Fix.

Seeking to give the economy a lift, the Bank of Japan eased monetary policy, and the yen hit a one-month low. [CNBC]

After weakening on lower commodity prices, the Australian dollar got a lift from the Bank of Japan stimulus. [WSJ]

Talk of European banks sellingeuros and investors taking profits on the common currency's gains sent it lower. [Reuters]

The Bank of England may be ready to step up stimulus efforts, minutes of the Monetary Policy Committee show, and the pound fell. [WSJ]

Heavy corporate dollar selling sent the Chinese yuan to a 19-week high. [WSJ]

Iceland's central bank says adopting the euro is unlikely until the euro zone crisis is over. []



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