| Oil futures above $77 a barrel as dollar weakens (at MarketWatch) Oil prices on Thursday rose above $77 a barrel as the dollar softened against the euro. The front-month August contract added 21 cents to $77.25 a barrel in electronic trade on the New York Mercantile Exchange. us.rd.yahoo.com |
Euro, British Pound Pare Advance Following Cautious Comments From European Policy Makers (DailyFX) The Euro tipped higher for the fifth day and rallied to a high of 1.3041 during the overnight trade, but the intraday advance appears to be losing steam going into the North American session as European policy makers maintain a cautious outlook for the region. finance.yahoo.com |
Greek euro exit worst option - Trichet European Central Bank chief Jean-Claude Trichet said yesterday that if Greece were to leave the eurozone and revert to the drachma, that would be the "worst possible option.""We created the euro to achieve the single market for... nzherald.co.nz |
Currency intervention [at Financial Times] - A little sympathy, please, for Japan s Ministry of Finance. A week after it intervened unilaterally in currency markets to weaken the yen, causing fingers to wag in the US and Europe, the drop against the dollar has been a mighty 2 per cent. us.rd.yahoo.com |
Weaker Dollar Seen as Unlikely to Cure Unemployment With many American companies manufacturing abroad, the effect on exports of a weak dollar is diminished. nytimes.com |