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.
In the region with aerial spraying, Hicks stated, one particular in 120 young children was diagnosed with an autism spectrum disorder or developmental delay.
I have learn a few excellent stuff here. Definitely value bookmarking for revisiting. I surprise how a lot effort you put to make this type of fantastic informative website.
What’s up, I check your blogs daily. Your humoristic style is witty, keep it up!
Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.
Carrier doesn’t intend to hook up to my information, regardless of whether I toggle it on with the cellular record option.
This post is priceless. Where can I find out more?
Simply want to say your article is as amazing. The clarity for your post is simply great and i can assume you’re an expert on this subject. Fine with your permission allow me to take hold of your RSS feed to stay updated with imminent post. Thank you a million and please carry on the enjoyable work.
I do consider all the ideas you’ve presented on your post. They’re very convincing and can certainly work. Nonetheless, the posts are too quick for beginners. May just you please extend them a bit from next time? Thank you for the post.
Its such as you read my mind! You appear to know a lot about this, like you wrote the ebook in it or something. I think that you simply could do with a few p.c. to pressure the message home a bit, however instead of that, this is excellent blog. An excellent read. I will certainly be back.
I’ve been surfing online more than three hours today, yet I never discovered any interesting article like yours. It is lovely worth enough for me. In my view, if all web owners and bloggers made excellent content material as you did, the net shall be much more useful than ever before.