Forex News and Rumors – Afternoon Update

Dow Drops Below 7,000 for First Time Since 1997

The Dow Jones industrial average fell below 7,000 for the first time since 1997 as concern grows over the state of the US economy. More

Canada’s GDP 3.4% During 4th Quarter

Canada’s Gross National Product (GDP) shrank 3.4 percent for the fourth quarter of last year. This is the country’s largest single-quarter loss since 1991. More

Crude Oil Prices Fall 10%

Oil prices fell by nearly 10 percent in New York today as investors worry about a deteriorating world economic outlook. More

Government Support Helps Dollar

As the US government proves to be more open to emergency bailouts than other jurisdictions, the US dollar is seen as a safer bet than the other major currencies. More

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