US productivity rise fails to get markets excited

US COMPANIES are continuing to trim costs and boost productivity, the latest figures show.

US productivity rise fails to get markets excited

However, the 6% productivity increase for the second quarter failed to get markets, stuck in holiday mode, excited and the dollar drifted slightly out against the euro to 1.14 having opened at 1.1353.

Some fear the euro could still go to 1.20 before the year end, if the US persists with a weak dollar policy and uncertainty remains about the extent of the US recovery.

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