(Reuters) - The euro turned lower on Monday, failing to hold gains, due to uncertainty over how long it will take Angela Merkel to form a coalition after her party's resounding victory in Sunday's German election.
Merkel's conservatives fell short of the votes needed to rule on their own and may have to convince leftist rivals...
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About: Irene Wilson
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Weekly Market Review- 23rd September 2013
Consumer spending probably rose in August for a fourth consecutive month as demand for autos reached almost six-year high, economists said before reports this week. Purchases increased 0.3 percent after a 0.1 percent advance in July, according to the median forecast in a Bloomberg survey of 64 economists before Commerce Department data Sept. 27. Other...
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Dollar down further on euro but rebounds against yen
The dollar slipped further against the euro Thursday after Wednesday's sharp loss on the Federal Reserve's decision not to cut its stimulus.
But the greenback rebounded against the yen and the British pound as markets digested the fallout from the shock Fed decision.
At about 2300 GMT, the euro was at $1.3534, compared to $1.3536 on Wednesday. The...
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Obama says if Congress does not raise debt ceiling, ‘We’re deadbeats’
(Reuters) - President Barack Obama challenged the U.S. Congress on Friday to approve an increase in the U.S. debt ceiling or else the United States will be unable to pay its bills and then, "We're deadbeats."
Obama scolded Republicans for trying to gut funding for his signature healthcare law in exchange for a debt limit increase...
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