Written by The euro fell below $1.19 for the first time in more than four years on Monday but recovered most losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. READ MORE »
Posts tagged eurozone economy
Gold firms as Greece downgrade lifts risk aversion
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets. READ MORE »
Producer Prices in U.S. Decreased 0.3% in May on Fuel
Wholesale prices in the U.S. fell in May for the third time in the past four months, pulled down by lower costs for energy and food as European default concerns threatened to slow the global expansion. READ MORE »
U.S. Consumer Prices Fall on Lower Energy Costs
Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices. READ MORE »
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. READ MORE »