In general, the dollar and the yen has continued to increase during the meeting that the market is still in fashion risk aversion. The sharp decline was in Aussie and books, two of the three currencies as the market expects the central bank cut interest rates later this week. The third coin with a rate cut decision this week is the euro.
In the U.S. economic data, Igedo NSTITUT Supply Management said that the Vercontract manufacturing of Tel fastest pace in 25 years during the month of November. E 'was the fourth month of decline for the sector.
The NBER announced the U.S. economy into a recession in December 2007. "The Commission noted that the decline in economic activity in 2008, met the standard for a recession," the group said in a statement on its website. The decline of 1.2 million jobs so far this year was the most important factor in determining the start of contraction, said the group.
Federal Reserve Chairman Ben Bernanke has einigeni deiDet the Fed Optionscould use to support liquidity and lending in a speech today. One option is for the Fed to buy long-term Treasury and agency securities on the open market in substantial quantities, "said Bernanke." This approach could affect the performance of these values, in aggregate demand. "
Last week, the Fed announced a new service for the purchase of up to 600 billion of debt issued, the von companies or charter GOBIERNO Housing Finance. Mortgage rates fell last week after the announcement of Bernanke and took care of that Noo, in his speech today. "It is encouraging that the announcement that the complaint was from a decline in mortgage rates," said Bernanke
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