CURRENCIES: Surprise China Rate Cut Pushes Dollar Higher
![CURRENCIES: Surprise China Rate Cut Pushes Dollar Higher CURRENCIES: Surprise China Rate Cut Pushes Dollar Higher](https://www.indoamerican-news.com/wp-content/themes/city-desk/timthumb.php?src=https%3A%2F%2Fwww.indoamerican-news.com%2Fwp-content%2Fuploads%2F2015%2F03%2FDollar_7-16-2014_153990_l.jpg&q=90&w=160&h=106&zc=1)
LONDON (MarketWatch) — The dollar shrugged off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People’s Bank of China. The central bank cut its benchmark lending and deposit rates by a quarter of a percentage point on Saturday, raising […]