Euro, Pound soar on US pessimism - July 2, 2010 23:56

The Euro and British Pound are among the global currencies making great strides against the slumping US dollar. One Euro is currently worth $1.2554 after reaching as high as $1.2613 in earlier Friday (July 2) trade, while a British Pound is fetching an even $1.52 after peaking at $1.5234 earlier in the day.

Dollar hammered by yen as job concerns remain - June 30, 2010 15:49

The dollar has quietly slipped against the yen in this week’s currency trade while remaining mostly flat against other major counterparts including the Euro and British Pound. A less than stellar round of economic reports Monday, Tuesday and Wednesday (June 30) morning have cast a dark cloud over optimism for economic recovery.

Pound near $1.50 as Fed expresses concern - June 24, 2010 15:18

A slew of mixed economic reports Thursday (June 24) morning reinforced the economic uncertainty of the Federal Reserve’s post-meeting announcements Wednesday in which statements were somewhat pessimistic about the pace of economic recovery.

Oil prices below $78 as Fed meetings conclude - June 23, 2010 21:14

As analysts and investors await the Federal Reserve’s announcement on interest rates later Wednesday (June 23), oil prices are trading below $78 per barrel on the New York Mercantile Exchange.

Gold sets new record high over $1,260 - June 18, 2010 18:40

As soon as investors think it is safe to invest in growth opportunities and more risky plays, economic concerns pop up somewhere in the world. The US is still trying to figure out if it is truly in economic recovery mode with job worries remaining and Europe is burdened with debt-ridden economies.

Euro stabilized as worst credit fears subside - June 17, 2010 12:51

The Euro appears to be relatively stable this week, with a current rate of $1.2304. It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade.

Despite poor retail sales, oil prices near $75 - June 12, 2010 0:31

US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s.

Oil prices back above $73 - May 27, 2010 14:55

Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news.

Euro gains as Germany finalizes support package - May 21, 2010 18:43

German lawmakers have moved very quickly to officially put into a place a loan assistance package for debt ridden European Union countries. Citing the growing despair in the marketplace, German leaders noted that making the support package official was important to concerned consumers and investors.