Money in Motion

Dollar Awaits the Fed, Australians Go Shopping


Expectations of further stimulus moves from the Fed sent the lower against higher-yielding currencies. [CNBC]

Euro zone industrial output fell, indicating a deepening economic downturn in the currency bloc. [WSJ]

Australian consumers increased their credit purchases, but the Australian dollar was little changed. []

Not only is the yen Asia's worst performing currency of late, it is down 13 percent against the South Korean won so far this year. [FT]