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The Euro remains in a vulnerable position with a lot of economic and environmental factors affecting Europe, Asia, and US markets. One Euro is currently worth $1.2313 in mid-day Asia currency trade. The significant debt crisis affecting European economies including Greece, Spain, and Portugal, has impacted the Euro the most in the last few weeks. However, downward movement has been modest after news of bailout assistance for Greece and other encouraging news about the situation abroad. After breaking through major long-term support in the $1.24-1.25 range, the Euro quickly slipped ...Forex Rate - Forex and Exchange rates

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Crude oil prices climbed significantly early Thursday (May 27) morning in New York Mercantile electronic trading. After dipping below $70 for a few days thanks to European troubles and the BP oil spill, oil has returned to the $73 level based on speculator expectation for positive US economic news. While the top kill effort to stave off the continued BP oil spill off the Gulf of Mexico continues, Asian economic data looks solid and the US gross domestic product, though below expectations, still grew by three per cent during the ...Forex Rate - Forex and Exchange rates

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German lawmakers have moved very quickly to officially put into a place a loan assistance package for debt ridden European Union countries. Citing the growing despair in the marketplace, German leaders noted that making the support package official was important to concerned consumers and investors. For its part finance ministers in the Union met Friday to start the process of setting on more strict public finance rules. Similar to what the US Senate just voted to do yesterday with its major financial overhaul, European leaders want to relax markets ...Forex Rate - Forex and Exchange rates

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Oil prices have dropped below $70 per barrel for light sweet crude as the Euro and British Pound are both getting crushed amidst the mounting pressure from the debt crisis that has hit many major European economies. As Greece, Spain and Portugal headline the growing list of countries in Europe that are seeking assistance, facing credit rating reductions, or generally struggling financially, the Euro has been weakened significantly. Despite some modest bounces anytime any bit of positive news comes about, the Euro has broken below major support in the $1.24-1.25 range. ...Forex Rate - Forex and Exchange rates

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It’s Europe’s turn to effectively control oil prices as the serious economic concerns of many of the European Union’s top countries has contributed to crude oil slipping to its lowest price in 3 months. The price of benchmark crude oil set for June delivery fell $1.31 in late Asian trade on the New York Mercantile Exchange to a price of $73.10 at one point. Just as oil prices reached $87 and seemed poised for push toward $100, the European economic situation prompted a quick fall in just one week’s time. The ...Forex Rate - Forex and Exchange rates

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Growing concerns about the value of more risky investments in light of the economic crisis in much of Europe and continue issues in the US and other parts of the world have prompted another run up in gold prices. The early 2010 pullback in gold did not last long as gold pushed to a new high this week and currently sits at $1,243.90 in New York trade. The latest upward move in gold has of course prompted much speculation as to just how high the rate of gold can go. At ...Forex Rate - Forex and Exchange rates

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Crude oil prices have been sinking this week with the plunge in the Euro resulting from serious concerns over the credit worthiness of major European economies including Greece, Spain, and most recently, Portugal. One barrel of crude oil fell $1.88 to $75.23 in mid-day New York Mercantile Exchange trade Friday (May 7). This is quite remarkable considering just Monday oil prices were at an 18 month high near $87 per barrel. There have been a number of catalysts affecting oil this week. Despite a huge British Petroleum spill, the pressure ...Forex Rate - Forex and Exchange rates

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As leading European economies are being singled out one by one by Moody’s, other creditors, and key economic bodies, the value of the Euro has fallen below $1.30 for the first times since April 2009. Riots have begun in Greece as citizens are growing more concerned and frustrated about the state of that country’s economy. Debt-laden and cash-strapped, this top European economy is exploring options for bailouts and support from the International Monetary Fund and others. Spain has also had its problems, but it is Portugal that is the latest country ...Forex Rate - Forex and Exchange rates

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Home buyers have been frantically trying to close deals as April ends and two major tax credits that have benefitted new and repeat buyers cease Friday (April 30). Some top housing market experts and economic analysts have questioned just how much the credits have helped boost jumps in new and existing home sales in recent months, but others are very concerned about what will happen during May and June. Initially just an incentive to new home buyers, tax credits were extended to repeat buyers over the last several months as ...Forex Rate - Forex and Exchange rates

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