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Tag: political
2008-12-30 07:22:10| FXstreet.com The Foreign Exchange Market
Last week the US Dollar continued its decline against the Euro, pinning down at 1.4060 amid glooming prospects to the American economy. US figures re GDP 3Q, -0.5% has proved to be consistent with the shrinking number of jobs, and a growing number of unemployed (586,000 which is 34,000 higher than previously expected). The US Fed is trying its utmost to fight a likely recession but it remains to be seen if cutting down its interest rate to 0-0.25% will make much of a difference in the
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