Unsurprisingly US interest rates were left unchanged last night, but the FED signaled that they would start to undo some of their emergency lending support next year, creating some positive momentum for the greenback. The US Dollar Index has risen considerably in December, highlighting a slew of buyers since hitting multi month lows in November.
- The Aussie dollar continued to fall against the USD, dropping to two month lows
- The South Korean central bank confirmed that they had repaid all of the emergency load given to them by the US Fed
Following another debt ratings cut, this time by Standard and Poors, the Greek finance department confirmed that they had their own strategy in pace to reduce debt piles.
Major Economic News
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