Thursday, October 17, 2013

U.S. Economy recovered in the last moments

U.S. Economy recovered in the last moments

After 16 days of government shutdown and two hours before bankruptcy declaration, U.S. President Barak Obama signed budget latter to end that shutdown and congress members voted 285 – 144 votes in the Republican-controlled House and 81-18 votes in the Democratic-led Senate to lift the debt ceiling. But it is not clear yet for what level it will be.

In the meantime, 800,000 (Eight Hundred Thousand) federal employees returned to their work today which pushed federal economy again, reopening public parks and museums, and recovering governmental procedures.


As the day high, Gold rose by 4.1% reaching $1321 per ounce and $1312 per ounce as average price of trades today, the biggest increase since late September 2013. Investors confidence returning to the Dollar after default prevention and signing next year budget letter by U.S. President Barak Obama yesterday, two hours before bankruptcy dead limit.

Blue zone currency showed its first rise in two weeks today, by 1.02% scoring day high 1.3649 EUR/USD which is eight months high - since the third of February - this year and 1.3659 EUR/USD as average trading price.

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