US slowdown prediction puts GFT ahead
"We feel many participants overestimated the immunity other economies would have to the US economic slowdown," said Justin Biebel, foreign exchange dealer at GFT in Ada, Michigan. "Clearly, economic interdependence is as important as ever. While things are far from good in the US, economies elsewhere appear to be declining at a much faster rate."
The online trading company said although the US Fed might have been slower to react than some would have liked, it was months ahead of other central
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