US is “on the path toward economic recovery” -Summers

Source: www.forexlive.com

Raft of bullish comments from Obama’s top economic aide Larry Summers are bolstering risk appetite, with EUR/USD rallying to 1.4755 at writing (high 1.4760)

Conditions in financial markets have stabilized, risk of financial collapse has receded Initial signs of stabilization in housing market US has seen sustantial change in job loss trend


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