Feb 14 2014

As Factory Production slips, there is rapid decrease in dollar rates

The Australian dollar advanced after consumer prices increased in China, the nation’s biggest trading partner. The dollar declined to its weakest level in almost two months after factory production in the U.S. unexpectedly declined in January by the most since May 2009, adding to evidence severe winter weather weighed on the economy. The pound reached a more than four-year high versus the greenback on better-than-forecast construction output.