U.S. Dollar gains before payrolls and as ECB lowers rates

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Source: Reuters
The U.S. Dollar increased on Friday against the 17-nation bloc currency before a government data showed that payrolls in the U.S. rose and as the European Central Bank surprisingly cut its interest rates on yesterday's policy meeting. The U.S. Dollar Index measuring a performance of the currency against its most traded peers gained to 81.46, the most in eight weeks, while last it traded at 80.85.

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Fri, 08 Nov 2013 11:01:10 GMT

ECB cuts interest rates to all-time low

The European Central Bank surprisingly lowered its benchmark interest rates to an all-time low on yesterday's policy meeting claiming that the rate cut may prevent the recovery from slowing down and helps reach the inflation target. The 23-man Governing Council cut the main refinancing rate by 0.25% to 0.25% as inflation in the euro-area eased to 0.7% in October.

Fri, 08 Nov 2013 10:39:04 GMT

Pound moving in on weekly gain versus Euro after S&P cut France's credit rating

The Sterling was fluctuated at 83.43 pence per Euro at 9:22 a.m. in London, after reaching 83.01 pence yesterday, the highest since January 17, after Standard & Poor's, the world's leading index and credit ratings provider, downgraded France's credit rating by one notch from AA+ to AA, as government's taxation, services and product as well as labor market reforms

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