Dollar rebounded hitting 11 year high

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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