Forex – Dollar Edges Higher, Pound Rises After BoE Report
Posted on May 11, 2011 at 08:05 AM EDT
Forex Pros – The U.S. dollar edged higher against most of its major counterparts on Wednesday, while the pound rallied after the Bank of England raised its medium-term inflation forecasts in its Quarterly Inflation Report.<br /><br />During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.32% to hit 1.4361.<br /><br [...]