Written by The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »
Posts tagged economy recovery
UK industry group sees 2010 growth as sluggish
Economic recovery in Britain will be sluggish through the middle of next year as lending remains tight and both the government and the private sector look to pay off debt, the Confederation of British Industry forecast Monday. READ MORE »
Manufacturing execs more upbeat on recovery
U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday. READ MORE »
WORLD FOREX: Dollar Trims Losses Against Yen After ADP Jobs Data
The dollar trimmed its losses against the yen and extended gains against the euro Wednesday after a private-sector jobs report exceeded forecasts, helping ease concerns about the faltering U.S. recovery. READ MORE »
Stocks slump on dour jobs report
Stocks tumbled Friday after the government reported a larger-than-expected drop in U.S. payrolls, stoking concerns about the wavering economic recovery. READ MORE »