Monexnews-Dollar depressed after a series of us economic data reduced optimism economic performance will Uncle Sam and confirms expectations of continued purchases of bonds program will be Fed. US consumer sentiment plummeted to a low level since December 2011 as New York manufacturing activity eased. Although inflation is rising but more increases were caused by a surge in gasoline prices that rise might only be temporary.
Federal Reserve will conduct monetary policy meetings on 19-20 March and predicted would still run a program to purchase bonds for $ 85 billion each month in order to help the economic recovery. The action of profit-taking is also quite lively dollars after the dollar yesterday reached a high level in 7 months. The US Dollar Index today traded 77.80; stay away from high level daily 220.81 (fr)
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