Dollar Drifts Lower As Fed Lags Europe In Inflation Fight

Platt, Gordon
April 2011
Global Finance;Apr2011, Vol. 25 Issue 4, p84
Trade Publication
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.


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