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Oil prices above $83 briefly on inventory report
March 11, 2010[Story ID: 1424]
Crude oil prices cruised to their highest level of 2010 Wednesday (March 10) morning, before quickly reversing, as speculators consider new data on the level of crude supplies released by the Energy Information Administration.
The price of a barrel of crude for April delivery reached as high as $83.03 early Wednesday morning as speculators [...] -
Strong unemployment report sends oil prices to two month high
March 6, 2010[Story ID: 1274]
Oil is among the winners following the surprisingly strong unemployment report released by the government on Friday (March 5). Jobless claims and unemployment numbers both came in lower than expected for February according to the Labor Department.
US employers slashed just 36,000 jobs during the month of February compared to a forecast of [...] -
Solid jobs data drives gold, oil prices higher
March 3, 2010[Story ID: 1143]
A positive report on jobs Wednesday (March 3) showed a slight increase in the number of employed workers in the US. This was a strong enough sign to prompt some analysts to suggest unemployment and a bad jobs market could be bottoming out.
The solid economic news was enough to drive oil prices [...] -
The Pound falls hard again.
March 1, 2010[Story ID: 1055]
The news of a prospective Greek bail-out plan put together by France and Germany may well go some way to soothe investor concerns about a sovereign default in Europe and has gone some way to stabilising the Euro in the short term, especially against sterling which has undergone a torrid last 7 days.
Under [...] -
Oil prices climb after Bernanke speaks of low interest rates
February 24, 2010[Story ID: 913]
The dollar has been firming up in the last several weeks, thanks in large part to growing expectations of a tighter monetary policy leading to higher interest rates. Federal Reserve Chairman Ben Bernanke tried to reassure Americans and quash some of those assumptions with his comments to Congress about the economy Wednesday [...] -
US dollar hangs round recent highs
February 23, 2010[Story ID: 868]
A slow day on currency markets yesterday and overnight has seen the recent volatility of the past few days take a bit of a back seat as the US dollar slips back from its recent highs on firmer commodity prices and some profit-taking ahead of this week’s key note speech by Federal Reserve [...] -
Dollar surges as Fed boosts interest rate
February 19, 2010[Story ID: 762]
The Fed made a move Thursday (February 18) to boost the emergency loan rate that it charges banks from .50 per cent to .75 per cent. While the Central Bank says the hike in its ‘ -
Gold prices soar past $1,100
February 18, 2010[Story ID: 677]
Gold prices have been on the rebound in the last two weeks after touching a near-term low at price on February 5th of $1,052.25. With a current (February 17) gold spot rate of $1,114.70 per ounce, the commodity has increased in worth by over $60 in 12 days.
Though down slightly from yesterday’ -
Dollar gains on January retail report but economic concerns grow
February 12, 2010[Story ID: 540]
The US Commerce Department reported Friday (February 12) morning that January retail sales grew by .5 per cent, which was higher than the .3 per cent forecasted by analysts. Wal-Mart and other big department stores were seen as the major catalyst for the growth, which suggests a more conventional increase in consumer [...] -
US dollar continues to rise further
February 1, 2010[Story ID: 222]
The US dollar has started February in the same vein that it finished January, buoyed by evidence of US economic recovery, after Friday’s GDP numbers, and fears that China will implement measures to control its economic growth.
The dollar has also remained supported over sovereign debt concerns in, not only Greece, but also Spain [...]