The dollar weakened Tuesday, easing from seven-year highs on speculation that recent gains were overdone.
Although the Federal Reserve is widely expected to raise interest rates ahead of schedule in the first half of 2015, policy makers may go slow with subsequent rate hikes given the fragility of the global economy.
Yesterday, data showed Chinese imports fell unexpectedly and export growth slowed. And with Europe and Japan in the dumps, the U.S. economic recovery could be threatened by global headwinds.
Focus now shifts to the Federal Reserve, which will debate next week whether to scrap its forecast that interest rates will stay low for a “considerable time.”
In the meantime, the dollar drifted lower to $1.24 versus the euro, away from last week’s 2-year high near $1.22.
The European Central Bank is widely expected to announce stimulus measures in the coming weeks. Top ECB officials have in recent days indicated they are growing increasingly worried about euro zone deflation.
The dollar also gave back a portion of its strong recent gains versus the sterling, dropping to $1.565 from a yearly peak near $1.554.
Momentum has also been lost against the yen, with the dollar falling to Y119.50 from last week’s 7-year peak above Y122.
I am genuinely thankful to the owner of this web page who has shared this great post at here.
you are really a good webmaster. The web site loading speed is incredible.
It seems that you’re doing any distinctive trick. In addition, The contents are masterwork.
you have performed a magnificent task in this subject!
It’s very simple to find out any topic on net as compared to textbooks, as I found this
paragraph at this website.
What’s up, just wanted to mention, I liked this article.
It was inspiring. Keep on posting!
Greetings from Florida! I’m bored to tears at work so I decided to check out your website on my iphone during lunch break.
I love the knowledge you present here and can’t wait to take a look when I
get home. I’m surprised at how quick your blog loaded on my phone ..
I’m not even using WIFI, just 3G .. Anyways, wonderful blog!
You are so awesome! I don’t think I have read through a single thing like
that before. So good to find somebody with some original thoughts on this subject.
Seriously.. thank you for starting this up.
This website is something that is required on the internet, someone with some originality!
Superb blog! Do you have any tips and hints for aspiring writers?
I’m hoping to start my own site soon but I’m a little lost on everything.
Would you suggest starting with a free platform like WordPress
or go for a paid option? There are so many
choices out there that I’m completely overwhelmed .. Any recommendations?
Thank you!
Excellent weblog here! Additionally your site rather a lot up
fast! What web host are you the usage of? Can I get your associate link
on your host? I desire my site loaded up as quickly as yours lol
At this moment I am going away to do my breakfast, once having my
breakfast coming again to read additional news.