Euro Strengthens as Inflation Gains; Fed Official Cites Rates wrote:The euro strengthened against the dollar and the yen after euro-region inflation unexpectedly accelerated in March, bolstering the case for the European Central Bank to raise interest rates next week.
The 17-nation currency pared gains after comments from a Federal Reserve official fueled speculation about the timing of potential U.S. interest rate increases. The dollar weakened as fewer Americans filed jobless benefits applications last week before the March employment report tomorrow. Norway's krone rose to a two- and one-half-year high against the dollar as oil prices advanced and retail sales exceeded forecasts.
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The euro climbed 0.2 percent against the dollar to $1.4158 as of 5:03 p.m. in New York, after gaining as much as 0.8 percent. It appreciated 0.5 percent to 117.69 yen and reached 117.90 yen.
From Business Week, 03-31-2011
HB wrote:I expect imported espresso equipment prices will move up across the board once the first quarter warehouse stock is depleted.
c1raider wrote:Also, skimming through the revisions it doesnt appear that much has been done to improve the machine. The most noticeable being able to plumb or tank.
HB wrote:The decline of the dollar against the Euro also doesn't help U.S. consumers