The US Dollar Index, which tracks the currency against six major counterparts, sank to the lowest since its start in 1973. The euro was little changed after earlier touching $1.5239, the highest ever. The US currency dropped below ¥104, to its lowest level since March 2005. The US economy expanded less than forecast in the Q4 as GDP rose at a 0.6% annualized rate. The feeble GDP figures reinforced sentiment that the Fed will have to lower interest rates in mid-March despite higher inflation. Gold futures for April delivery climbed $7.50 to $975 an ounce on the Comex division of the New York Mercantile Exchange. The price reached the record $978.5 an ounce in electronic trading overnight. (people.com.cn)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
