ECB rate hike possibility hurts $

Sunday, 3 April 2011 08:01

The growing belief that the European Central Bank will be the first central bank to raise interest rates at a policy meeting next Thursday put pressure on the dollar this last week.

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Euro inflation spikes to 2.6 percent

Thursday, 31 March 2011 02:06

The central bank’s target to keep inflation lower than 2 percent isn’t looking promising as inflation jumped very high for the European currency, a lot higher than the year before and a lot higher than anticipated, to 2.6 percent..

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Euro continues to strengthen against the Dollar

Thursday, 31 March 2011 01:22

The Euro has continued to strengthen against the dollar after inflation figures were above the ECB 2% limit for the forth month in a row. Trading to levels of 1.4224 were seem, inflation numbers in the 17 nation region are around 2.6% and have risen at the fastest pace since 2008

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Euro Struggles after German Election

Monday, 28 March 2011 12:54

Angela Merkel suffered a crushing defeat in Baden-Württemberg, which plays against her leadership roles even though it was just a local vote. This caused the Euro to slip as it opened on Monday starting the new week in Asian trading.

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Portuguese two notch downgrade causes Euro to sink

Thursday, 24 March 2011 11:21

Portuguese politics weigh the Euro down as the currency falls by 0.6% against the Dollar to a four day low at 1.4069. Moodys downgraded Portugal from A1 to A3 and outlook seems weaker for economic growth.

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