USD Gains as Global Growth Falters |
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USD Gains as Global Growth Falters The dollar gained as US stocks rose on falling oil prices and the Federal Reserve kept interest rates unchanged. The Fed is unlikely to change rates anytime soon and warned that several factors are expected to keep US economic growth on a slow pace. “Tight credit conditions, the ongoing housing contraction, and elevated energy prices are likely to weigh on economic growth over the next few quarters,” the Federal Open Market Committee said in its statement Read More...
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