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Oil Near Six-Month Low On Economy; Brent Premium Narrows Oil traded near the lowest price in more than six months on concern fuel demand will falter amid signs that Europe’s debt crisis is worsening and the U.S. economy is slowing. Futures were little changed in New York, heading for the third … Continue reading ...
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Euro Touches 4-Month Low After Fitch Downgrades Greece The euro touched a four-month low, extending declines to a third-straight week, amid concern Europe’s sovereign-debt crisis is worsening. The 17-nation currency was 0.2 percent from a three-month low versus the yen after Fitch Ratings downgraded Greece’s long- term credit rating to … Continue reading ...
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Canadian Dollar Tumbles As Slowing U.S. Economy Dims Rate View Canada’s dollar fell to a four-month low against its U.S. counterpart as unexpectedly weak economic data in the nation’s biggest trade partner prompted traders to pare bets the central bank will raise interest rates this year. The currency, nicknamed the loonie … Continue reading ...
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Dollar Falls From 4-Month High Versus Euro: Yen Declines The dollar retreated from a four- month high against the euro after minutes from the last Federal Reserve meeting showed some policy makers said further easing may be needed should the economy lose momentum. The yen weakened against the majority … Continue reading ...
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