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NEW YORK (AP) —The dollar climbed against the euro after the credit ratings agency Fitch slashed Ireland’s debt rating,saying its big bailout showed its debt crisis was worse than had been known. The move highlighted the euro region’s problems and prompted traders to resume selling euros. The European Union bailed out Ireland because . . . →Read More:Dollar climbs after Fitch cuts Ireland’s ratings Dollar gains vs euro,yen after Obama,GOP make a tax deal that could boost US economy The dollar kept gaining against yen and edged higher versus the euro Wednesday in the aftermath of a tax package that,if passed,could boost the U.S. economy. Republican leaders and the White House made a deal extending . . . →Read More:Dollar higher after Obama,GOP make a tax deal  Leave a comment  Forex News  Bailout,Bond Markets,Canadian Dollars,Debt Crisis,Debt Levels,Early November,Enough Money,European Banks,European Countries,European Leaders,Extending Unemployment Benefits,Government Debt,Income Groups,Japanese yen,Payroll Tax,Republican Leaders,Stress Tests,Swiss Francs,Tax Cuts,Treasury Bonds 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 After Tuesday’s triple-digit sell-off,stocks were mixed midday Wednesday as investors’ attention remains fixed on the debt situation in Ireland and GM’s pending IPO. Global stocks have been battered of late on concerns Ireland will need a rescue package from the IMF and its Eurozone counterparts. It now apperas a bailout is inevitable -the . . . →Read More:Stocks Hold Steady As Investors Await Irish Bailout,GM IPO Leave a comment Forex News Asset Prices,Bailout,Ben Bernanke,Dangerous Territory,Debt Crisis,Debt Problems,Debt Situation,Early November,Early September,Global Stocks,Ipo Stocks,Jackson Hole,Municipal Bond Market,Resultant Loss,Situation In Ireland,Skeptics,Treasuries,Wall Street Journal,Whalen,Wsj Reports 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 | ||
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