US Dollar cling to recent Gains

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News » US Dollar cling to recent Gains

US Dollar cling to recent Gains

Dec 24 2008, 09:22

The US dollar has achieved a bit but combines its gains from December 18 and 19 from the beginning of the week, and this is probable to remain the topic throughout Friday as trading volumes are supposed to stay low. This has been the topic for the stock markets too, as the Dow Jones Industrial Average has hardly moved from a channel formation by a present range of about 8,370 to 9,000. All of this submissive price movement came in spite of a sequence of releases that might have been market-activity under diverse situations. First, US Q3 GDP was verified at -0.5 %, but the shocking parts were descending alterations to consumer spending and core PCE, as the alterations indicate that the largest driver of increase and inflation pressures slowed more than expected before.

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