This bridge connects Denmark & Sweden. The bridge runs from the Swedish coast to the artificial island of Peberholm, which lies in the middle of the strait. The crossing of the strait is completed by a 4 km underwater tunnel to allow ships to pass.
The U.S. dollar showed signs of awakening from its recent hibernation-like state on hawkish remarks from a Federal Reserve official. The dollar and most of its major rivals have recently settled into a listless slumber given a dearth of major U.S. data so far this week, and the less than clear outlook for U.S. interest rates. The dollar perked up after a Fed official, James Bullard, said that he thought the central bank should drop the word ‘patience’ from its forward guidance at the coming Federal Open Market Committee (FOMC) meeting in March. Doing so would mark a meaningful step toward an eventual rate hike by the Fed. It bears mentioning, however, that Mr. Bullard, head of the St. Louis Fed, isn’t one of the current voting members on the rate setting committee. To help make or break the dollar’s first month of declines in eight, markets will turn to critical U.S. indicators today on inflation and the job market. The news could be offsetting for the dollar with inflation expected to descend and weekly jobless claims forecast to hold below 300,000, terrain consistent with strong monthly job creation. Canada’s loonie drifted lower ahead of important inflation data from north of the border today that could impact next week’s Bank of Canada meeting on March 4. Source: +Western Union
America’s greenback remained a bit downcast, a reflection of U.S. rate hike uncertainty. The dollar has softened just enough in February to be on course for its first down month in eight. Weighing modestly on the buck has been mixed U.S. data and signals from the Federal Reserve that higher interest rate policy may arrive later rather than sooner. The dollar on Wednesday kept to a narrow range and softened modestly against the euro and yen while it dipped under C$1.25 to one-week lows against the loonie and hit multiweek lows versus the Aussie dollar and sterling. Although the immediate horizon augurs higher uncertainty for the greenback, its longer run prospects remain positive since the Fed is still seen boosting interest rates this year while central banks in Europe and Japan are expected to maintain ultralow rate policies. For the dollar rally to give it a fresh go, it will need rate hike caliber news next week on inflation and the all-important job market. Customers can use the dollar’s mild pullback to take advantage of what still remains a highly affordable market for U.S. importers. China factories grew this month, buoying commodity currencies. Another day of testimony by the Fed chair on Capitol Hill could stir market volatility. Source +Western Union
PLUSYOURFOLLOWERS PROJECT Ed.W9/2015 SHARE --> BE ADDED --> BE SHARED --> GET FOLLOWERS (www.plusyourfollowers.16mb.com) ALL those SHARING IN THEIR PUBLIC STREAM (and not only in communities) this post will be included in the SPECIAL THANKS CIRCLE that will be published next Sunday March 1st, 2015 also in the Home Page of www.plusyourfollowers.16mb.com for 1 week. (I will check the ripples) This will increase your visibility.
Did you know? .....Because a build-up of broken ice in front of a ship can slow it down much more than the breaking of the ice itself, icebreakers have a specially designed hull to direct the broken ice around or under the vessel. The external components of the ship's propulsion system (propellers, propeller shafts, etc.) are at even greater risk of damage than the vessel's hull, so the ability of an icebreaker to propel itself onto the ice, break it, and clear the debris from its path successfully is essential for its safety.
A mostly firmer greenback rose to one-week highs against the euro and a currency basket with markets on edge over the outcome of another round of talks in Europe on Greece’s debt troubles. Greece is seeking and extension of a bailout program that’s set to expire at month-end. Without some sort of rescue loan extension from its creditors Greece could soon run out of money and be forced out of the euro. Failure by Greece to strike a compromise deal would raise the risk of a potentially messy exit from the euro, a scenario that could spell much market upheaval. However, the euro could strengthen in relief if Athens should soon reach a deal and thereby remain in the bloc. U.S. importers are already enjoying one of the best markets in more than a decade so current levels remain excellent for reducing foreign exposures with forward contracts which help safeguard cash flow from market volatility. British retail sales fell by a larger than expected 0.3 percent in January, news that coaxed sterling below six-week peaks against the greenback. A recovery in oil and other commodities lent support to currencies from Australia and Canada. A report today on Canadian retail sales is forecast to fall, news that could renew pressure on the loonie. Source +Western Union