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Manufacturing in the Philadelphia region expanded in February at the fastest pace in seven years, underscoring factories’ contribution to the economic expansion. The Federal Reserve Bank of Philadelphia’s general economic index rose to 35.9, the highest level since January 2004, from 19.3 last m…
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Manufacturing in Philadelphia Region Expands at Faster Pace
News from the European Central Bank that overnight lending at the 1.75% penalty rate spiked 15.8 billion ($21.4 billion), the highest since June 2009, pressured the Euros overnight. Reports circulating suggest that this spike may be related to renewed problems in the Euro-Zone periphery.
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Euro Sells Off after Reaching Minor Retracement Zone
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