News

Tough times for Europe

10/12/2007

Macroeconomics

After all the excitement of the past few weeks, things have calmed down a bit over the last fortnight. After making the headlines as the ‘crash currency’ the greenback eventually turned around and took a break from its descent. It managed to gain some ground against most currencies after the market received slightly more favourable data about the US economy and the government indicated the possibility of helping private lenders with financing their homes.

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