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Oil prices retreated Monday as concerns grew about economic stability in Europe after Ireland sought billions of dollars in financial assistance from its neighbors. Benchmark crude for January delivery fell 24 cents to settle at $81.74 a barrel on the New York Mercantile Exchange. The price has dropped about 5 percent from a week ago . . . →Read More:Oil prices fall on worries about global economy  Leave a comment  Forex News  Bailout,Countries In The European Union,Debt Burdens,Debt Crisis,Economic Recovery,Economic Stability,Economy Oil,Energy Department,Energy Information Administration,Energy Prices,Global Economy,Gulf Coast States,International Monetary Fund,New York Mercantile,New York Mercantile Exchange,Oil Prices,Rampant Growth,Spain Portugal,Thanksgiving Holiday Weekend,York Mercantile Exchange NEW YORK (AP) —The dollar rebound continued Tuesday,with the U.S. currency hitting a six-week high versus the euro,as a rescue plan for Ireland seemed increasingly likely. Investors are afraid that the European country,like Greece in May,will need a costly aid package from its neighbors because of Ireland’s own bailout of . . . →Read More:Dollar rebound continues as Irish woes shake euro Leave a comment Forex News Backstop,Bailout,Banking Sector,Countries That Use The Euro,Currency Union,Economic Recovery,European Officials,Federal Reserve,Finance Ministers,Government Debt,Government Finances,Indebted Countries,Irish Banks,Jean Claude Juncker,Late Afternoon,Late August,Place Investors,Rebound,S 600,Woes European Markets advanced for the first time in four days as increased M&A activity and U.S. retail sales boosted optimism in the economic recovery. Earlier in the day,the Stoxx Europe 600 fluctuated between gains and losses as investors awaited more information on whether Ireland will seek assistance to deal with its debt burden. . . . →Read More:European Stocks Close Higher Amid Upbeat Economic Data Household spending in the U.S. is expected to increase for the fourth consecutive month in October,and the rise in private sector consumption is likely to reinforce an improved outlook for the world’s largest economy as it remains one of the leading drivers of growth. Trading the News:U.S. Advance Retail Sales Why Is . . . →Read More:EUR/USD:Trading the U.S. Advance Retail Sales Report The dollar weakened 0.7 percent to $1.3823 per euro,and retreated 0.5 percent to 81.21 yen. Photographer:Andrew Harrer/Bloomberg The dollar slid the most against the euro since July and reached a 15-year low versus the yen amid speculation the Federal Reserve will pump more cash into the economy. Boeing Co. and Yahoo! Inc. . . . →Read More:Stocks Rebound on Earnings as Dollar Slumps on Fed Speculation Leave a comment Uncategorized 30 Year Treasury,30 Year Treasury Bond,Analyst Earnings Estimates,Australian Dollar,Basis Points,Beige Book,Boeing Co,Book Business,Business Survey,Capital Management,Downward Pressure,Economic Recovery,Harrer,Investment Strategist,Photographer Andrew,Richmond Virginia,Slumps,Stocks Rebound,Swedish Krona,Year Treasury Bond | ||
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