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Call_me_God User Platinum Boarder Posts: 203   Dollar gains - 2006/09/06 14:01 The dollar also gained against the yen and the euro after a report showed labor costs rose more than expected in the second quarter. Labor costs rose at a 4.9 percent pace, compared with a revised 9 percent rise in the first quarter that was the biggest 2000, revised figures from the Labor Department showed today in Washington. Productivity, a measure of how much an employee produces for each hour of work, increased at an annual rate of 1.6 percent after a 4.3 percent gain the previous three months. Gains in the dollar may be limited by speculation reports will show a two-year cycle of interest-rate increases is slowing growth in the world's biggest economy. A report today is expected to show services industries expanded at the second-slowest pace in almost a year as home sales and construction cooled, according to a Bloomberg survey. The Fed's regional survey of the economy, known as the Beige Book, released today may highlight signs of an economic slowdown.   | | The administrator has disabled public write access.
Topics Author Date   Dollar gains Call_me_God 2006/09/06 14:01

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