The Dollar managed to claw back significant gains against the majors yesterday, firming an additional 0.6% versus the Euro and a further 0.3% against the Pound as we dropped back through 1.9600 by the close of trading last night. The Dollar rallied following the release of the ISM manufacturing index, which unexpectedly rose in February, [...]
Exchange Rate Forecasts
March, 2007
The Dollar advances against the majors as U.S manufacturing expands more than forecast
Friday, March 2nd, 2007The Dollar remains firm despite economic growth slowing by more than forecast in the fourth quarter
Thursday, March 1st, 2007Over the course of the week, the Pound has come under further pressure against the majors, dropping by the most in two weeks versus the Euro following a particularly soft rhetoric from a member of the Bank of England’s monetary policy committee. David Blanchflower, who last year opposed the August rate hike, said that the [...]
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