As the U.S. Economy is following an upward trend, it is only logical that the dollar would follow in its footsteps, and consequently, the dollar has indeed stolen the limelight this week. It rose to a 10-month high and continued to strengthen its position against most foreign currencies. On Wednesday, the dollar index managed to rise to 81.545 on the strong waves of the US growth figures as well … [Read more...]
U.S. Economy Bouncing Back in the Second Quarter
Although the housing sector hasn't been experiencing the expected growths in prices, global U.S. economic growth is still accelerating at an accelerated rate. The second quarter has brought a decline in output over the last period that wasn't as steep as economists had expected it. The Commerce Department reported on Wednesday that gross domestic product had expanded at a 4% annual rate and … [Read more...]
