The dollar held just below a 10-month high against a basket of currencies on Thursday after the Fed said it is no rush to raise interest rates.» Read More
U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.
The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?
The dollar extended gains and rose 1 percent versus the Japanese yen on Wednesday as crude prices declined further and U.S. stocks eased some of their losses.
The dollar trimmed gains against the euro and yen Tuesday after the Federal Reserve kept benchmark interest rates unchanged at 2 percent, as expected and said risks remain to U.S. economic growth.
Oil prices sank as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products.
Oil briefly fell below $120 a barrel Monday before recovering slightly at the close, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.
The dollar rose against the yen on Monday as the oil price's drop to a three-month low and some upbeat U.S. economic data generated optimism about the prospects of the broader economy.
South Korean foreign exchange reserves fell by a record amount in July, central bank data showed on Monday, as dealers reported the authorities have sold about $15 billion during the month to prop up the won.
For the week ending Friday, August 1, 2008, the markets finished relatively flat after a turbulent week that saw 4 straight days of triple-digit moves on the Dow. An early rally was dampened by weak economic data including weaker-than-expected GDP numbers and a rise in the unemployment rate.
Oil prices settled slightly higher Friday, clawing back above $125 a barrel after Israel raised new concerns about Iran's nuclear program. But more concerns that high prices are eating into demand limited the gains.
The dollar first extended and then trimmed gains versus the euro Friday after a report showed manufacturing activity in the U.S. was better than expected in July.
Oil prices ended lower Thursday, pulling back from the previous day's rally, as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest consumer.
The dollar fell Thursday as news of a surprise jump in U.S. weekly jobless claims and below-forecast economic growth in the second quarter reduced prospects for Federal Reserve interest rate hikes this year.
Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.
Oil prices shot up as much as $5 a barrel, halting a dramatic two-week slide, after the US government reported a surprise drop in gasoline supplies.
The dollar rose broadly Wednesday as a report showing that U.S. private sector unexpectedly added jobs in July raised prospects of an improvement in non-farm payrolls data Friday.
Oil fell to its lowest level in nearly three months, extending a steep slide since mid-July on mounting evidence high prices and a souring economy were cutting into world energy demand.
The dollar surged to a one-month high on Tuesday as a sharp drop in crude oil prices and an unexpected rise in U.S. consumer confidence in July buoyed demand for riskier assets and sparked a rally on Wall Street.
Oil prices rose Monday, approaching $125 a barrel after militants sabotaged two oil pipelines in Nigeria and Iran claimed that it had doubled the size of its nuclear program but signaled a willingness to work with the U.S.
The dollar eased Monday as persistent worries over the financial sector cast a pall over the health of the U.S. economy despite last week's upbeat housing and consumer sentiment data.