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Forex

The US$ rose yesterday against major currencies

The USD rose against major currencies Thursday as the US Federal Reserve was reported to be more confident about the economic outlook.
 
The US central bank decided Wednesday to maintain the target range for the federal funds rate at Zero to 0.25 percent.
 
The Fed said in a statement that economic conditions are likely to warrant exceptionally [...]

Read More » No commentDecember 18, 2009

Unemployment Leads to Further Contraction

U.S. service industries contracted at a faster pace than expected in July. Market concerns over rising unemployment gripped consumers and slowed spending.
The Institute for Supply Management’s index of non- manufacturing businesses, which makes up almost 90 percent of the economy, fell to 46.4 from 47 in June, according to the Tempe, Arizona-based group. Fifty is the line between [...]

Read More » 1 commentAugust 5, 2009