Forex News and Rumors – Afternoon Update

Obama Urges Congress to Pass Economic Rescue Plan

President-elect Barack Obama today urged Congress to pass the economic stimulus bill as quickly as possible in an address where he offered help for the US auto industry and confirmed his support for the Bush administration’s financial industry bailout. More

US Home Prices Decline in October

US home resale prices fell by 3.1 percent for the month of October according to a report issued by the National Association of Realtors. The median price for a home in the US last month was $183,300 – down 11.3 percent from the same time last year. More

Oil Jumps $5 a barrel

Optimism across the markets today helped propel the price of crude by $5 today to bring oil for January delivery close to $55 a barrel. More

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