Macroeconomics

The financial world is getting into the holiday spirit in the northern hemisphere and the World Cup is still having an impact, particularly in the countries that are still in the tournament.

So, nothing of real importance has happened. Interest rates increased by another quarter of a per cent but the financial community had been expecting this anyway. As a consequence, the US dollar lost most of the gains it had made in recent weeks which raised international exporters’ hopes that the value of the US currency could bolster their business overseas.

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