Euro Lifts, Dollar Slips, Nonfarm Payrolls Loom

PUBLISHED: Fri, 07 Sep 2012 11:56:25 GMT

Kelley Holland

Source: Euro Lifts, Dollar Slips, Nonfarm Payrolls Loom

The European Central Bank’s bond buying plan is a hit, and nonfarm payrolls await – it’s time for your FX Fix.

The euro hit a two-month peak as investors cheered the European Central Bank’s bond buying plan. [CNBC]

The bond buying plan also sent the euro close to a five-month high against the Swiss franc. [WSJ]

With a key employment report looming, and the potential for more quantitative easing, the dollar slipped. [FT]

Industrial production in the U.K. unexpectedly expanded in July, but the British pound was little changed against the dollar. []

Latin American currencies gained as risk appetite improved on news of the European Central Bank’s bond buying intentions. [Reuters]

Model fund traders sold the dollar for the South African rand, making it the biggest gainer in a basket of emerging market currencies. []



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