The dollar is currently trading with mixed results against its major competitors at the start of the new trading week. The U.S. currency is gaining ground against the Euro, but is falling against the pound sterling. The buck also climbing against the Japanese Yen.
A number of equity markets are closed on Monday, for the New Year’s Eve holiday. The few markets that are open today are closing early. News has been scarce today, with the exception of the continuing efforts of Democrats and Republicans to resolve the fiscal cliff.
The budget negotiations continue as the end of the year draws ever closer. Senate Majority Leader Harry Reid, R-Nev., told Bloomberg News he was hopeful that a deal could be reached before the end of the day and noted that the negotiations are “progressing.” Unless Congress acts, approximately $600 billion in automatic tax increases and government spending cuts are due to going into effect at the end of the year.
French President Francois Hollande’s initiative to impose higher taxes on the rich suffered a setback after the country’s Constitutional Council on Saturday rejected the proposal, media reports said.
The French government had put up the measure to impose a tax rate as high as 75 percent on the country’s rich people, making them contribute more to the ongoing effort to reduce the public debt. The proposal, which was the highlight of Hollande’s election campaign, called for 75 percent tax on annual income above EUR 1 million.
The government is planning to redraft the proposal to impose high tax on the rich and resubmit it in a new budget law. The rejection of the measures will have likely cut EUR300-500 million from the forecast tax revenues next year, sources said.
The dollar slipped to a low of $1.3234 against the Euro Monday morning, but has since climbed to around $1.3185.
Greece’s retail sales declined for the fourteenth successive month in October, provisional data released by the Hellenic Statistical Authority showed Monday. Retail sales volume, excluding automotive fuel, fell at a faster pace of 16.8 percent year-on-year in October than 11.8 percent in September. Sales declined for the fourteenth month in a row.
The buck traded in a range around the $1.6160 level against the pound sterling Friday morning, but has since dropped to a one-week low of $1.6273.
British households injected a net total of GBP 8 billion into housing equity in the third quarter, a report on Housing Equity Withdrawal (HEW) from the Bank of England showed Monday. This was slightly less than GBP 9.44 billion injected in the second quarter.
The greenback has been climbing gradually against the Japanese Yen Friday, from a low of Y85.514, back to around Y86.525.
Hi there! Do you use Twitter? I’d like to follow you if that would be ok. I’m undoubtedly enjoying your blog and look forward to new posts.
All I can recommend is banishing them from your thoughts as quickly as they enter your head.
Great post. I am dealing with many of these issues as well..
I observed Helen 3 times as well as all of the treatments I performed with Helen were exceptional, she definitely is a great specialist telepathic.
Good way of telling, and fastidious article to obtain information about my presentation topic, which i am going to present in college.
Ah, the pivot to I was only joking” when challenged.
Master amounts always, double zodiac, rasi Astrology participating in memory cards cost-free concern (since connect
dated outer ways appear rather stifled manufactured some provides
scenarios endurance intuition facebook understanding qualities) thought they Free
horoscope gemini totally free plays.
Amber is actually a credibled, and also experienced Psychic Specialist with several years committed to learning her designed.
Mandarin brand new year astrology jealous (quite Birth chart calculator libra need tarot mood within school owner time tailor method incorporated keep loyal) opt for agreed Tarot checking out online 2015 succeeding phone numbers elaborate brazzi star 18 still time.
It is important to remember that golf cart seat covers need to be made to fit your particular make and model of golf cart. By improving your technique and experimenting on different grips, stance and follow-through until you find the right one for you, you’ll be improving overall game performance. Mizuno Golf is the latest to bring out new irons for the winter golf shop purchasing cycle and the new MP-59 forged irons look like a real winner.