Money in Motion

Euro Awaits Central Bank News, Aussie Slips


As investors awaited the outcome of a European Central Bank meeting and President Mario Draghi's economic outlook, the inched higher. [CNBC]

The British pound rose as the incoming central bank chief, Mark Carney, was questioned by lawmakers on his plans for monetary policy. [FT]

The Australian dollar continued its slide as investors weighed the prospects of another interest rate cut following a Reserve Bank of Australia meeting. [WSJ]

A weaker than expected jobs report in New Zealand reduced the likelihood of near term interest rate cuts, and the New Zealand dollar weakened. [WSJ]

China's yuan moved slightly lower on guidance from the central bank, spurring talk that it is trying to protect exporters from a weak yen. [WSJ]

The median forecast in a poll of economists had Eastern European currencies gaining in 2013, led by the Polish zloty. [Reuters]

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