As of march 05 2009 dollar rose broadly. Where as central bank in Britain and Europe zone cut borrowing costs. While on the other hand anxiety of global economy continued to enhance safe status of USA currency. President Jean Claude of European central bank said euro zone growth was likely to be weak throughout 2009. Early in New York Euro was trading down 1.2%, where as pound was .5% off. ECB said, now it seemed that euro zone growth contracting anywhere from 2.2% to 3.2% this year, mild recovery is seen only in 2010. Europeans were convincing to have consistent weakness of growth through out the year. Overall infraction in currency seemed to be in Euro and Pound.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment