State Forex Station

The dollar advanced this week as surging US Treasury yields supported the currency. The trigger for the rise in the bond yields was a deal in the USwhich extended Bush-era tax breaks.
Analysts said the rise in yields reflected the fact that the tax deal had boosted the outlook for US growth and so reduced expectations [...]

America’s economic recovery lost momentum between April and June as consumer spending stalled. The disappointing growth figures have triggered the concern of a potential Japan-syle scenario of protracted stagnation.
The world’s biggest economy grew at an annual rate of 2.4% in the second quarter, which was down from a revised 3.7% in the first quarter of [...]