Dollar Stronger with Foreign Debt Issues Uncertain - The U.S. dollar gained versus the euro and British pound on Tuesday finding support amid ongoing worries about debt problems in the euro zone after Fitch Ratings warned that Portugal remained vulnerable to a downgrade.
The euro was at $1.3581 versus $1.3636 on Monday. The dollar index rose to 80.629 versus 80.440 on Monday. The British pound fell 0.4% to $1.4994.
A New Cisco Router - While not normally big news, Cisco Systems unveiled a new router today that says that it will handle 12 times the internet traffic as the nearest competitive product. Currently, AT&T is already testing the router, and it is said to be the next move in bringing better video to the internet. In fact, Cisco stated that the new router could deliver every movie ever made in just four minutes.
Federal Reserve President Charles Evans Speaks on the Recovery and Rates - Reuters - "'Labor market issues ... lead me to think this accommodation will likely be appropriate for some time,' Chicago Federal Reserve Bank President Charles Evans said in remarks to the National Association for Business Economics."
White House's Romer: Too Soon for Spending Clamp-Down - Reuters - "Christina Romer, who heads the Council of Economic Advisers, said cutting back now 'would inevitably nip the nascent economic recovery in the bud -- just as fiscal and monetary contraction in 1936 and 1937 led to a second severe recession before the recovery from the Great Depression was complete.'"
The euro was at $1.3581 versus $1.3636 on Monday. The dollar index rose to 80.629 versus 80.440 on Monday. The British pound fell 0.4% to $1.4994.
A New Cisco Router - While not normally big news, Cisco Systems unveiled a new router today that says that it will handle 12 times the internet traffic as the nearest competitive product. Currently, AT&T is already testing the router, and it is said to be the next move in bringing better video to the internet. In fact, Cisco stated that the new router could deliver every movie ever made in just four minutes.
Federal Reserve President Charles Evans Speaks on the Recovery and Rates - Reuters - "'Labor market issues ... lead me to think this accommodation will likely be appropriate for some time,' Chicago Federal Reserve Bank President Charles Evans said in remarks to the National Association for Business Economics."
White House's Romer: Too Soon for Spending Clamp-Down - Reuters - "Christina Romer, who heads the Council of Economic Advisers, said cutting back now 'would inevitably nip the nascent economic recovery in the bud -- just as fiscal and monetary contraction in 1936 and 1937 led to a second severe recession before the recovery from the Great Depression was complete.'"
No comments:
Post a Comment