Dollar - safe haven in November

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
US dollar was perceived to a the safe haven in November as spreading European sovereign debt crisis was increasing European bond yields meanwhile pushing down stock and commodity returns. In November US dollar gained 2.9% against Euro as investors hold their money in dollar nominated assets. Nevertheless, the greenback still is 1% down compared on yearly basis.
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Thu, 01 Dec 2011 09:36:37 GMT

Senate Republicans to offer tax reduction plan

On Wednesday Senate Republicans came up with their proposal of payroll tax cut, significantly differing from that offered by Senate democrats. The Republicans propose to prolong tax cut by one year and keep rates at 4.2% on salaries below $106,800 instead of 6.2%. In contrast, Senate democrats earlier proposed further tax reduction to 3.1% next year. Both parties also cannot agree

Thu, 01 Dec 2011 12:38:26 GMT

European shares open lower

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