Dollar rebounded hitting 11 years high
Mar
02 2015
The dollar
rose significantly toward the highest level in 11 years against a basket of
major currencies after cutting China
interest rates which pushed the Yuan and Asian markets down. In order to support
the world’s second largest economy and tackle deflation risks.
And the main focus for this week will turn to the ECB
meeting due on Thursday March 03 2015 waiting for further details on European
Central Bank bond-buying programme.
On the other hand, the Euro dollar dropped sharply toward
$1.1165
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