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Friday 10th February 2012 News:

Dollar little moved as British pound strengthens (AFP)
AFP - The dollar was little moved against the euro in trading, but the British pound spiked against the dollar as British mortgage approvals continued to surge.

CURRENCIES: Dollar Shrugs Off Downward GDP Revision; Sterling Dives
The dollar traded higher Thursday, touching a one-week high versus the yen and two-week high against the British pound, continuing its recent rebound as investors shrugged off an unexpected downward revision to U.S. growth in the second-quarter. The Commerce Department said second-quarter U.S. gross domestic product increased at a 2.6% rate, slightly lower than previous estimates of a 2.9% growth rate. Economists surveyed by MarketWatch had been forecasting

Dollar Rises Against Euro, Pound
NEW YORK (AP) - The dollar rose against the euro and the pound Thursday after the government reported fewer-than-expected jobless claims this week.

The dollar ended the week up against the yen and the franc
The dollar ended the week up against the yen and the franc, flat versus the euro and down against the pound. Given that the G7 meeting had no choice but to drop the reference to stronger yen and yuan, which had intended to pursue, and called instead for greater exchange rate flexibility, the dollar rose early on Monday. The lack of direction will persist this week as well, so perhaps the crosses should prove more profitable, but the bias is bullish for the dollar. Past Week's Data and Events

CURRENCIES: Dollar At One-week Low Vs. Euro, Franc As Rate Differential Eyed
The dollar fell to one-week lows against the euro and Swiss franc and a two-week low against the British pound early Thursday on growing expectations the interest-rate differential between the U.S. and Europe will narrow this year. The U.S. currency maintained its downward bias after the Federal Reserve held interest rates steady at 5.25% on Wednesday and left open its options for future rate decisions. The Fed said inflation risks remain, but added

Yahoo! News - Dollar little moved as British pound strengthens (AFP)
AFP - The dollar was little moved against the euro in trading, but the British pound spiked against the dollar as British mortgage approvals continued to surge.

Dollar At 2-week Lows After Philly Fed; Rate Differential Eyed
The dollar fell to two-week lows against the euro, yen and the British pound Thursday on growing expectations the interest-rate differential between the U.S. and Europe will narrow this year. Th...

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