| Euro in Play as German CPI Shrinks for Second Month, Boosting Deflation Fears (Euro Open) (Daily FX) The Euro may see selling pressure in European hours with Germany?s Consumer Price Index expected to show that the annual inflation rate fell for the second consecutive month in August. us.rd.yahoo.com |
Oil prices nearly flat as dollar strengthens (AP) Oil prices were esentially flat to end the week after Federal Reserve Chairman Ben Bernanke said this week that interest rates will have to be raised when the U.S. economy recovers in order to avoid inflation. us.rd.yahoo.com |
Is the weak dollar the chicken or egg of the market rally? (CNNMoney.com) Here's the latest twist on the timeless chicken versus the egg debate. Which came first: the stock and commodities rally or the weaker dollar? us.rd.yahoo.com |
Canadian Dollar Outperforms, Japanese Yen Continues to Lag Behind (Daily FX) The Canadian dollar strengthened against the greenback for the third day, with the exchange rate slipping below the 50-Day SMA during the European trade to reach a low of 1.0553 on Tuesday, while The Japanese yen weakened for the sixth-day to reach a two-month low of 91.65. us.rd.yahoo.com |
Dollar hits a 4-month high vs. the euro (CNNMoney.com) The dollar surged to a 4-month high against the euro Wednesday amid ongoing concerns about the Greek economy and speculation that Chinese monetary officials could move to tighten credit conditions. us.rd.yahoo.com |