The U.S. dollar continued to go down today against the euro and the yen as the traders expect a rate cutting decision from the Federal Reserve and the bailout of the U.S. automakers. While both interest rate cut and the bailout of the countrys biggest car-making companies are the positive factors for the whole U.S. economy, they are certainly hurting the U.S. […]
Read moreEUR/USD posted a fourth day of growth today and soared to its highest level since October 15 as the macroeconomic outlooks worsen further for the U. S. The reports on the manufacturing sector confidence, the international capital and the industrial production flows disappointed investors and the dollar bulls. EUR/USD is currently trading near 1.3564. NY Empire State index fell slightly in December — from -25.4 to -25.8, setting a new […]
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