The dollar drifted lower against a basket of major counterparts on Wednesday, as a successful bond auction for Portugal boosted appetite for riskier assets.
The Fed’s Beige Book said this afternoon that the US economy strengthened in the final months of 2010, as the jobs picture brightened across the country.
The world was watching events in Europe again today, where Portugal was able to sell 1.25 billion euro in bonds despite lingering concerns it will inevitably default.
Borrowing costs on long-term notes declined, signaling confidence that the European Central Bank and other authorities are backstopping Portuguese debt.
Fellow debtors Spain and Italy will conduct closely-watched auctions tomorrow morning, ahead of the next interest rate decision from the ECB.
Here in the US, import prices jumped another 1.1 percent in December as energy costs continued to rise. Export prices rose 0.7 on-month.
The dollar dropped to $1.3120 against the euro, pulling back from a recent 4-month peak of $1.2873.
A monthly low was touched against the sterling, with the buck dropping to $1.5765.
Rising crude prices continued to drive the dollar lower against Canada’s resource-backed loonie. The buck dropped to a fresh 2-year low of C$0.9845.
Very descriptive blog, I enjoyed that bit. Will there be a part 2?
Why users still use to read news papers when in this technological globe everything is
available on web?
What’s up it’s me, I am also visiting this web page daily,
this website is actually fastidious and the people are really sharing nice thoughts.
%Many programmers have jumped ship from iPhone apps to building apps for the Android due to the freedom it offers them.
%Tinder is a lifestyle category application which offers you such a platform where you can connect and communicated with new and strange people all over the world.
%The Android Market or Google Play Store is perhaps the most preferred mobile application store for app development companies, especially after the ever rising popularity of the Android operating system.
%The current economy is not at all favourable to invest in real estate so it is better to focus on your existing property. It is sometimes difficult to decide whether you want to extend the existing property or wish to purchase a new property.
%The game enables you to milk the cows, sow the farms and trade the crops. Here, you get all the necessary stuffs required for an excellent farming practice.
%- Full Android UI
– ARM support
– Android access to local files
– Sensor, camera and microphone integration.
% In reaction to results, shares were up 1. 25%, tipping Apple’s shares to a
new all-time high above $134. The bulk of the return will come through buybacks.