Signs of Growth in US Economy Boost Dollar's Safe-Haven Role
Platt, Gordon, Global Finance
CORPORATE FINANCE FOCUS
A batch of better-than-expected US economic data, including nonfarm payrolls and housing prices, gave the dollar a lift last month. Analysts said die signs of strength diminished the need for the Federal Reserve to take additional quantitative-easing steps and strengthened the greenback's appeal as a safe haven. Increased spending by consumers and the US government helped to keep the economy afloat amid a global economic slowdown.
Meanwhile, the euro area's jobless rate rose to a record high of 1 1 .6% in September, as weakness in die peripheral nations spread to the core of the 17-nation bloc and German factory orders fell sharply. Worries about …
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Publication information:
Article title: Signs of Growth in US Economy Boost Dollar's Safe-Haven Role.
Contributors: Platt, Gordon - Author.
Magazine title: Global Finance.
Volume: 26.
Issue: 12
Publication date: December 2012.
Page number: 81+.
© Global Finance Media Inc. Feb 2009.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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