The US Federal Reserve said Wednesday 16 December that the US economy is improving, and in the hours that followed the US dollar gained against most other major currencies. It was up 0.9 percent against the euro, a three-month high. The Fed said it wants to keep interest rates “extremely low” but that figures on jobs and consumer spending are showing positive signs.
Links to other sites: Bloomberg, Financial Times, Time Magazine
Posted by Ellen Wallace on 17 December 2009 at 8:55 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 17 December 2009.
Filed under: World news
Tags: Ben Bernanke, euro, exchange rates, Federal Reserve, interest rate, Time Magazine Person of the Year, US dollar
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