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.

European concerns lead to oil price drop - May 14, 2010 14:56

It’s Europe’s turn to effectively control oil prices as the serious economic concerns of many of the European Union’s top countries has contributed to crude oil slipping to its lowest price in 3 months.

Oil below $80 after Euro fall - May 7, 2010 19:49

Crude oil prices have been sinking this week with the plunge in the Euro resulting from serious concerns over the credit worthiness of major European economies including Greece, Spain, and most recently, Portugal.

Euro implodes as economic concerns intensify - May 6, 2010 10:42

As leading European economies are being singled out one by one by Moody’s, other creditors, and key economic bodies, the value of the Euro has fallen below $1.30 for the first times since April 2009.

Dollar shines after upbeat unemployment and housing news - April 23, 2010 8:49

Two very positive reports on the economy Thursday (April 22) morning have helped strengthen the dollar against major currencies and commodities. Home sales were relatively strongly during the month of March and last week’s new jobless claims fell by 24,000 from the week before, in line with analyst estimates.

Dollar wins as $18 billion jobless benefits bill becomes law - April 16, 2010 11:52

The dollar made gains on Thursday (April 15) against most major currencies and also put a wrap on driving oil prices and gold prices. The dollar’s strength is due partly to the rapid passing of an $18 billion extension of unemployment benefits for hundreds of thousands of people that have been struggling after their state-paid […]

Dollar gains on March jobs growth - April 3, 2010 13:59

For only the second time in the 27 month period since the start of the US recession, employers have added jobs. This is the news from the US Labor Department in its monthly payroll report for March released early Friday (April 2) morning.

Crude oil prices near $84 - April 1, 2010 0:47

Crude oil prices continued to gain on Wednesday (March 31) thanks largely to the falling dollar. The price of a barrel of crude oil for May delivery settled at $83.76 on the New York Mercantile Exchange. This was a gain of $1.39 or 1.7 per cent.