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.
Oh my goodness! Awesome article dude! Thank you, However I am going through issues with your RSS. I don’t know why I cannot join it. Is there anyone else getting identical RSS problems? Anyone who knows the answer can you kindly respond? Thanx!!
I don’t know if it’s just me or if perhaps everybody else experiencing issues with your website. It appears as if some of the text within your posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well? This might be a issue with my web browser because I’ve had this happen previously. Many thanks
I am extremely impressed with your writing abilities and also with the layout for your weblog. Is this a paid topic or did you customize it your self? Either way stay up the nice quality writing, it is uncommon to peer a nice blog like this one today..
You are so cool! I don’t think I’ve read through anything like this before. So great to find someone with a few unique thoughts on this subject. Really.. thanks for starting this up. This site is one thing that’s needed on the internet, someone with a little originality!
This is the perfect webpage for anybody who really wants to understand this topic. You realize a whole lot its almost tough to argue with you (not that I actually will need to…HaHa). You certainly put a brand new spin on a topic that’s been written about for ages. Excellent stuff, just wonderful!
Clash of clans attack technique town corridor level seven youtube Hack – Cheats instrument is amazing app which you can use to obtain assets.
Your means of describing all in this post is actually fastidious, all be capable of effortlessly be aware of it, Thanks a lot.
I’m gone to inform my little brother, that he should also pay a quick visit this website on regular basis to obtain updated from most recent reports.
When someone writes an article he/she maintains the plan of a user in his/her mind that how a user can be aware of it. Therefore that’s why this post is perfect. Thanks!
These will be the currency sets most traded and each has unique quantities of volatility.