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Stocks Decline On Monday/Dollar Mixed
Stocks Decline On Monday/Dollar Mixed
U.S. equity markets declined on Monday, but the loss was relatively contained after automakers reported dismal sales numbers for December. Profit taking was also a possible culprit after the S&P completed a 25% run off the Nov.21 low to last Friday’s close.
G.M.’s U.S. sales fell to their lowest level since 1960 […]
Dollar Still Holds Strong
Dollar Still Holds Strong
All it took was the announcement by President Elect Barack Obama concerning the $300 billion tax cut to move markets across the globe from currencies to stocks. We still see the dollar on the rise as majors are attempting to recover some of the previous losses recorded earlier in the session.
After the […]
USD Rallies, Awaits Data
USD Rallies, Awaits Data
The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen. The greenback climbed higher on a combination of a proposed fiscal stimulus plan by President-elect Barack Obama and profit taking from the euro’s sharp […]