Money in Motion

Pound Lifts, Euro Bulls Return


Better than expected euro zone PMI data helped the euro lift despite political uncertainty in Spain and Italy. [CNBC]

Disappointing euro zone retail sales and did not keep the from rising. []

The U.K. services industry returned to increased activity after a prolonged slump, and the British pound rose. []

Australia's central bank left interest rates on hold but warned of future cuts, and the Australian dollar fell. [FT]

French President Francois Hollande waded into the debate over the euro's strength, but the currency was unmoved by his comments. [WSJ]

A sharp rise in the Korean won against the yen could put a signficant dent in Korean exports, a research institute reported. [CNBC]

The closed stronger as traders settled their positions ahead of a week-long market closing for the Spring Festival. [CNBC]

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