The US dollar was broadly down against the other main currencies on 14th Feb-Friday 2014, as market sentiment upgraded after the issue of upbeat financial growth reports from the euro region. Let’s dollar bordered lower against the euro zone, with EUR/USD up 0.08% to 1.3691.
The single currency originate support after initial data presented that the euro zone's gross domestic product expanded by 0.3% in the 4th-quarter, above outlooks for a 0.2% expansion, after a 0.1% rise in the 3rd quarter.The pound remained supported after the BoE elevated its U.K. financial progress forecast for 2014 to 3.4% to 2.8% on Wednesday.
The bank also currently efficient its forward management on bank rates, saying it will not increase rates until the replacement capacity in the U.K. economy takes been completely absorbed, which it never see happening until 2015.
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