Weekly Fundamantal Report 9.3.2009

Over the previous week, in light of more pessimism in the market, where unemployment rates raised in the United States to 8.1% in February, which is the highest level ever reached since the 25 year!! After it had been abandoned for more than half a million people, about 651.0 thousand for the third month in a row to increase the low levels of spending and consumption, which accounts for two thirds of the U.S. economy affected by the worst financial crisis since the Great Depression, to confirm that Mr. Bernanke's remarks earlier that the U.S. economy will go into recession during the first quarter of this year. In the end, bad news and the inevitable result of the U.S. dollar fell against a basket of currencies during today's meeting.
The previous week was fuelled of events where the interest rate has been reduced to the lowest level by the European Central Bank and Britain yesterday to reach the lowest level ever in an attempt to support these banks, after their economies have been affected by the worst financial crisis since the Second World War.
These bad data prompted investors to look for another currency far from dollar after it had served as a safe haven for their investments than the support of the upward pressure of each of the euro and the pound sterling, while it also strengthened the U.S. dollar's rise against the yen after Japan's recent strength has been to other major currencies.
Also the British economy was not spared the risk of inflationary recession as falling energy prices and commodities in addition to the low levels of consumption expenditure and a result of the recession and all sectors of economic activities within the land property, thereby causing the high rates of unemployment and low levels of confidence in the British economy. So it was from the World However, the reduction of British interest rates continuously for a period of six months, respectively
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