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Democratic presidential candidate Barack Obama has declared 44th President of the United States to reach the 270 electoral votes needed for a majority.

Momentum of the 47-year-old senator from Illinois grew after he took the crucial battleground states of Pennsylvania, which has 21 electoral votes, Ohio and the 20 votes. History held true after the victory of Ohio, a Republican who has not won the presidency without winning this state.

The focus of much of the night was in the other key states of Virginia, Indiana, Florida and North Carolina, whose race was too close to call much of the night, despite the early poll closing times .

In the end, Obama secured Virginia, which had been Democratic for the first time since 1964.

As knowing, European Central Bank decided interest rate to 4.25% was widely expected Thursday, followed by a question and answer meeting, growth signal in the euro zone was weaker.

A source in forbes said that

“A European Central Bank rate hike has become very unlikely now,” said Rainer Guntermann, economist with Dresdner Kleinwort, who before the press conference had forecast another increase before the end of the year. He told Forbes.com that inflationary pressures would come down towards the end of the year, as commodity prices fell, consumer demand weakened and more slack came into the labor market.

The falling jump of Dollar affect to the value of gold. At this thime gold settled at $870.70, from a high earlier in the day of $883.80. This recession to euro zone make a stronger to the bargaining power of unions.