Economic recovery in the U.S. in early 2011 has continued slow, moderate recovery in the labor market, activity in the property market low.

China: Service sector PMI falling to 44.1 from 56.4 in February, HSBC services PMI 51.9 (52.0). (more...)

During the week we had a major depreciation of the dollar against major currencies and gold, except the yen. This was due to positive expectations about the end of the crisis, a faster economic recovery in countries outside the U.S. and England as well as an increase in interest rates more quickly in countries with more rapid recovery. They gave support to these expectations the increase in benchmark interest rate to 3.25% by the Reserve Bank of Australia, who considered passed the dangers of a recession and an emphasis on inflation risks. Meanwhile the European Central Bank kept its benchmark rate by 1%, and the Bank of England's 0.5%. Thus, in the week the dollar depreciated 1.03% against the euro and experienced a slight appreciation