Tag: Economy
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biggest price jump in 30 years
from agence france-presse: US inflation made a surprise comeback in November with a surprising 2.0% rise in wholesale prices, the biggest monthly jump in 30 years, the government has reported… The surprise jump in prices challenges expectations from economists and the Federal Reserve that inflation is under control… Some analysts say the Fed is in…
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Iran dumps dollar for euro
from agence france-presse: The Iranian government said it has ordered the central bank to transform the state’s dollar-denominated assets held abroad into euros and use the European currency for foreign transactions. “The government has ordered the central bank to replace the dollar with the euro to limit the problems of the executive organs in commercial…
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dollar plunges to 15 year low
from telegraph: The dollar tumbled to a near 15-year low against sterling yesterday on fresh signs of economic trouble in the United States. An 8.3pc crash in US industrial orders and an admission by the Federal Reserve chairman that Washington does not know how bad housing really is set off another day of wild gyrations…