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.
Please let me know if you’re looking for a writer for your
blog. You have some really good posts and I feel I would be a good asset.
If you ever want to take some of the load off, I’d absolutely love to write some articles for
your blog in exchange for a link back to mine. Please shoot me an email if interested.
Thank you!
Thank you for the good writeup. It in fact used to be a leisure account it.
Look complicated to more introduced agreeable
from you! However, how can we keep up a correspondence?
With havin so much content and articles do you ever run into any issues
of plagorism or copyright violation? My blog has a lot of completely
unique content I’ve either written myself or outsourced but it seems a lot of it is popping it up
all over the web without my authorization. Do you know any solutions to help stop
content from being stolen? I’d truly appreciate it.
Simmply desire to say you article is as amazing. The clearness for your put up is simply
excellent and thqt i could suuppose you’re knowledgeable on this
subject. Well with your permission let me to snatch your feed to keep up
to date with coming near near post. Thanks one million and please keep up
the enjoyable work.
I need to to thаnk уoᥙ for this excellent гead!!
I definitely enjoyed еᴠery little bit ⲟf it. I’ve got
you saved as a favorite tօ lоօk at new things ʏoᥙ post…
continuously i used to read smaller posts which also clear their motive, and that is also happening with this post which I am reading
now.
Heⅼlo! ӏ understand this is kind of off-topic Һowever I neеded to
aѕk. Dߋes operating a well-established website ⅼike yoսrs require a massive
ɑmount wⲟrk? I am brand new to writing a blog hоwever Ӏ do write in mʏ diary everyday.
I’d ⅼike to start а blog so I сan easily share my experience and views online.
Рlease lеt me know if yߋu ɦave any recommendations or tips for new aspiring bloggers.
Thankyou!
These are truly fantastic ideas in about blogging.
You have touched some fastidious factors here.
Any way keep up wrinting.
I like looking through an article that will make people think.
Also, thanks for permitting me to comment!
You are so awesome! I don’t think I have read a single thing like that
before. So nice to discover another person with a few unique thoughts
on this subject. Seriously.. many thanks for starting this up.
Thiss website is something thgat is reequired on the web, someone with
a bit of originality!