Fed meeting news awaits and Asian central banks stand pat – it’s time for your FX Fix.
Expectations of easing by the Federal Reserve sent the dollar lower. [CNBC]
New Zealand, Indonesia, the Philippines, and, surprisingly, South Korea, all elected to keep interest rates unchanged ahead of the upcoming Fed announcement. [CNBC]
Italy’s borrowing costs fell at its latest auction in the wake of the European Central Bank’s announcement of a bond buying plan, and Spain is getting sanguine about its problems. [CNBC]
The Australian and New Zealand dollars hovered close to multi-week highs ahead of a possible easing move by the Federal Reserve. [CNBC]
Concerns over industrial and political unrest in South Africa are sparking a selloff in the South African rand. [WSJ
Tune In: CNBC’s “Money in Motion Currency Trading” airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at firstname.lastname@example.org.