TITLE

Dollar Drifts Lower As Fed Lags Europe In Inflation Fight

AUTHOR(S)
Platt, Gordon
PUB. DATE
April 2011
SOURCE
Global Finance;Apr2011, Vol. 25 Issue 4, p84
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article present a forecast on the foreign exchange activity of the dollar and euro currency. It reports that dollar has been drifting lower on hopes that the Federal Reserve will delay increasing interest rates to fight inflation. Moreover, it stresses that the euro currency neared a four-month high after the European Central Bank (ECB) released a notice that it may increase interest rates in April 2011.
ACCESSION #
67429503

 

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