Credit Card and Financial News

An up-to-date look at the Financial World

17 Dec

World stocks drop as dollar hits 3-month euro high (AP)

Posted in business on 17.12.09

Traders seen at the New York Stock Exchange. The Federal Reserve is continuing to pump over one trillion dollars into financial markets to support the housing sector and other types of credit, but these programs are set to be concluded as planned in early 2010.(AFP/Getty Images/File/Mario Tama)AP – World stock markets fell Thursday while the dollar strengthened to a three-month high against the euro after the Federal Reserve signaled it would start undoing some of its emergency supports next year as the economic recovery gathers pace.



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