Foreign Exchange International Update
The US economic recovery is not doing too well. This week, initial jobless claims were higher than expected and consumer confidence fell….again. We are a 70% consumer driven economy. When the consumer is spending their limited income on gasoline and food, they have less disposable funds left for other purchases and thus US manufacturing for new orders were lower in April. Worker productivity and output fell… [Read more…]
June 6, 2011
0