Online Trading and Investing Journal

A group of 14 U.S. senators unveiled legislation Tuesday that seeks to increase pressure on China to let its currency to rise in value against the dollar, saying Chinese “currency manipulation” is hurting the U.S. economy.
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The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the U.S. economic recovery and ease high unemployment.
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Greece won some respite from financial market pressure Tuesday as ratings agency Standard & Poor’s took the country off credit watch for a possible downgrade — a day after eurozone governments laid out a vague blueprint for possible loans to help the indebted country.
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European stock markets rose Tuesday after the 16 countries that share the euro agreed to help Greece with loans, if needed, and a German investor sentiment survey fell less than expected.
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Oil prices extended losses below $80 a barrel Tuesday in Asia as investors eyed meetings of the U.S. central bank and OPEC for trading catalysts.
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