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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Euro slips from 30-day highs against the dollar

Oct 18, 2012 11:58 AM

The 17-nation common currency of the European Union lost value on Thursday, falling from one-month highs against the U.S. dollar achieved one day earlier, according to Reuters.

The euro's slippage was tempered by strong sales at a Spanish government bond auction as the Iberian nation is still expected to pursue bailout aid to rescue its hobbled banking sector. The value of the euro on Wednesday pushed to its highest in about four weeks against the U.S. dollar.

So too did the euro push to one-month highs against the Japanese yen on Wednesday, which was just below the highest value in four months against the monetary unit of the Pacific Rim nation. Drivers of the euro's climb include strong economic data released by the U.S. and China, the globe's two top economic systems.

China's third quarter of this year saw development and growth advance 7.4 percent as compared to the same period last year. Housing starts last month in the U.S. advanced more rapidly than any time in the past four-plus years.

The Wall Street Journal reports Chinese economic data also proved to be beneficial for the monetary units of the U.K. and Australia on Thursday.

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