In FX accounts the Canadian dollar rose to its highest level in 14 months, because some economical reports that boosted investor optimism with a potential global recovery and increase demand for riskier currencies.
Investor reaction was also influenced by U.S. retail sales data on Wednesday, which helped to push North American stock indexes higher. The Dow Jones index broke the 10,000 level for the first time in 12 months.
The US dollar dropped to a 14 month low against the euro on Wednesday. The summary from the Federal Reserve's last policy meeting, suggest that official policy makers do not do not consider inflation as an imminent danger and probably the U.S. interest rates will remain low in 2010. It could decrease the dollar's appeal, especially if other central banks in the world start raising interest rates to reduce inflation. Is Mr. Bernanke taking the appropriated decisions?
89f31f90-a2e6-43b2-acf7-276e0cbba923|1|5.0