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| Mon, 01 Feb 2010 10:19:55 +0000 US dollar continues to rise further |
| 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 and Portugal as the dollar index traded at its highest levels since July last year. These fears are being compounded by widening spreads differentials between 10 year German ,and Greek and Portuguese bonds.
EURUSD - the Euro has ... Forex Rate - Forex and Exchange rates |
| Wed, 27 Jan 2010 21:43:52 +0000 Dollar gains against major currencies, commodities |
| The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high of $1,218.25 near the end of 2009.
Oil prices actually climbed a bit Wednesday morning to $75 after a Tuesday New York settle price of $74.71. Investors are waiting for the latest report on US inventory levels. ... Forex Rate - Forex and Exchange rates |
| Fri, 22 Jan 2010 19:10:35 +0000 Gas prices falling in line with oil prices |
| While declining oil prices over the last week have not necessarily caught the attention of consumers as much as they have speculators and impacted businesses, falling gas prices have. Friday (January 22) marked the seventh consecutive day of falling fuel prices with the current national average at $2.73, according to Wright Express and the Oil Price Information Service.
The Energy Information Administration said a in a report Thursday that US crude inventories were up by 3.9 million barrels last week. This coincided with a fourth successive weak of falling demand. ... Forex Rate - Forex and Exchange rates |
| Wed, 20 Jan 2010 15:01:47 +0000 Gold price slides back as dollar gains |
| The spot rate gold price has dipped back to $1,122.10 per ounce thanks to the continuing resurgence of the dollar. The dollar has improved slowly but steadily in recent weeks as it becomes more likely the Fed will raise interest rates sometime in the next several months.
Gold prices fell sharply in early morning New York Mercantile Exchange, briefly dipping below $1,120. This after a close of $1,137.60 on January 19th. The dollar is the major catalyst as it has also made strides against other major currencies Wednesday ... Forex Rate - Forex and Exchange rates |
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