Forex | Trading Signals | Momentum holds U.S. dollar while sterling looks to recover (29/06/2009 10:56:36)

Momentum holds U.S. dollar while sterling looks to recover

Fundamental Unemployment in the U.S. probably rose at a slower pace and the manufacturing slump eased this month as evidence mounted that the end of recession is in view, economists said before reports this week. The jobless rate rose 0.2 percentage point to 9.6 percent, the highest level in 26 years. Government efforts to stabilize housing and consumer spending are only now starting to pay off, indicating it will take months before a recovery develops. The job market will remain one of the


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