Day: March 1, 2010

Dollar Benefits from U.S. Expansion

The dollar pared much of the euro’s advance from last week as several reports in the U.S. indicated that economic improvements in the country are far more positive than the situation in most Eurozone member countries, as manufacturing increased for another month and personal spending rose beyond forecasts. The EUR/USD currency pair trades currently at 1.3505. Personal income rose by 0.1% in January from a previous revised increase of 0.3% in December and below forecasts that […]