Yen Droops, Swiss Franc Climbs Higher


The yen is continuing its slide as the Bank of Japan meets, but an expected European Central Bank action is having the opposite effect. Time for your daily FX Fix.

Swiss inflation ticked higher, and so did the Swiss franc. [RTT]

The euro moved higher on expectations that the European Central Bank will raise interest rates tomorrow, but another rating cut for Portuguese debt is casting a shadow. [Reuters,]

The Bank of Japan is widely expected to leave those low Japanese interest rates right where they are, and the yen is continuing to weaken. []

The Canadian dollar is on a roll, thanks to the weak U.S. dollar and strong oil prices. [Reuters]

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