NEW YORK (Reuters) — The dollar hit its highest level against the euro in more than a month Monday, though it gave up some of those gains after Federal Reserve Chairman Ben Bernanke warned that the U.S. recovery remains fragile.
Data on Friday showing the U.S. economy lost far fewer jobs than expected in November pushed the dollar higher and had markets betting U.S. interest rates could rise by mid-2010.
That momentum carried over into Monday, but Bernanke doused some of the optimism when he said the Fed still expected low rates for an extended period as the economy recovers slowly and endures a persistently high jobless rate. Bernanke spoke to a group of economists on Monday.
“Bernanke is emphasizing the weakness and the downside to the U.S.
The year 2009 was a challenging year for most small business owners, but some found new ways to capitalize or use unique marketing skills to improve business success.
Most small-business owners want to become more energy efficient – they just can’t spare the cash for big upgrades or to replace older equipment.
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