After a weak phase the U.S. dollar exchange rate could recover the greenback. The euro exchange rate had climbed to $ 1.3860 on 2 February 2011, before there was been a pullback in favor of the dollar. Thus fell the EUR / USD exchange rate by more than three cents in the last three trading days and reached a week low at 1.3544. The dollar rose in price to 73.83 euro cents.
The European Central Bank (ECB) has taken the common currency the wind out of sails. In relation to a possible increase in ECB interest rate sounded central bank chief Jean Claude Trichet much more restrained than after the monetary policy meeting in January 2011. Although the annual inflation in the euro area currently stands at +2.4 Percentage is, I see no need for the ECB to initiate countermeasures.
A rapid increase in the policy rates of 1.00 to 1.25 percent by the summer of 2011, for the time being off the table. The European Central Bank expects that inflation will fall in coming back under the threshold of two percent. The relatively high increase in consumer prices by 2.2 percent in December and 2.4 percent was in January 2011 compared to the previous months leading to the rise in energy and food prices declined, said the ECB.
support the U.S. dollar exchange rate received by the American labor market. Thus the unemployment rate in the United States fell unexpectedly significantly from 9.4 percent to 9.0 percent in January 2011. Economists had expected a slight increase to +9.5 percent before the publication of the report.
Because of the cold winter with several storms, the number of new jobs, with 36,000 points was well below forecasts. It had been expected to increase in jobs in the order of 136,000. The number of new jobs report for December 2010 was of 103,000 to reach 121,000 subsequently corrected upwards.
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