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Euro Falls Versus Dollar as Data Show Economic Slowdown Wors

posted by aranel 1240 days ago in USD, EUR, Fundamental made popular 1240 days ago

The euro fell the most in two weeks against the dollar and dropped versus the yen after a European manufacturing report showed the recession is deepening in the 16- nation region.

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Gold Drops in London as Cheaper Oil

posted by princesa 1240 days ago in USD, Gold, Inflation

Gold fell for a second consecutive day in London as a drop in crude oil and a stronger dollar sapped demand for the metal as a hedge against inflation and a weaker U.S. currency.

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UK M4 Money Supply Grows In November

posted by eriathwen 1240 days ago in GBP, GDP made popular 1240 days ago

Friday, a final report from the Bank of England showed that the M4 money supply grew 16.4% year-on-year in November, slightly revised up from 16.3% increase reported in the preliminary report. The annual growth accelerated from 15.3% recorded in

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Euro Declines Against Dollar, Yen on Concern Recession Deepe

posted by chloegurl 1241 days ago in USD, EUR, JPY made popular 1241 days ago

The euro fell the most in two weeks against the dollar and dropped versus the yen before a European manufacturing report today that will probably show a recession is deepening in the 16-nation region.

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Inflation slides to 6.38%; hopes on rate cut by RBI

posted by andes 1241 days ago in Oil, Inflation

The year 2009 began on a positive note with inflation sliding to a 10-month low of 6.38 per cent, raising hopes of Reserve Bank of India further reducing key policy rates to give another booster to industry, reeling under the slowdown.

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U.K. Pound Posts Worst Annual Performance Against Euro

posted by sassygirl 1241 days ago in GBP, Fundamental, Inflation made popular 1241 days ago

The pound posted its worst annual performance against the euro since the European single currency’s 1999 debut and traded near parity on bets the Bank of England will keep cutting interest rates to revive the economy.

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Crunch 'to hit farming in 2009'

posted by aranel 1242 days ago in GBP, Agriculture made popular 1241 days ago

UK farm production will plummet during the coming year unless the industry gets more support from regulators and retailers, farming leaders have warned.

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Brown Says ‘Energetic’ Government Will Help U.K. in Recessio

posted by andes 1242 days ago in GBP, Fundamental made popular 1241 days ago

Prime Minister Gordon Brown said an “energetic” government will help the U.K. weather the recession in 2009, signaling he’s planning more help for businesses and consumers.

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US government paper says bailout plan is working

posted by sassygirl 1242 days ago in USD made popular 1241 days ago

US federal officials have said the bailout of firms may not have had a dramatic effect on the economy but had nevertheless prevented widespread failure of financial institutions.

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Gold Rises, Caps Eighth Straight Annual Gain, on Haven Deman

posted by aranel 1242 days ago in Fundamental, Gold made popular 1241 days ago

Gold prices rose, capping an eighth straight annual gain, on demand for a store of value as the recession deepens and tensions mount in the Middle East.

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Yen,Dollar Post 2008 Gain Versus Euro

posted by PipWatCher 1242 days ago in USD, JPY made popular 1241 days ago

The yen and the dollar posted annual gains versus the euro as the first simultaneous recessions in the U.S., Europe and Japan since World War II encouraged investors to take refuge in the currencies.

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Canadian Dollar Falls From 2-day High Against Greenback As C

posted by eriathwen 1242 days ago in CAD, Oil made popular 1242 days ago

During early European deals on Wednesday, the Canadian dollar fell sharply against its major counterparts as the crude oil prices fell for a second day, heading for a record annual drop, on speculation that U.S. fuel stockpiles are increasing as

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