Oil Falls Below $80, Eurozone Debt In Focus

Oil fell further below $80 a barrel on Thursday, after earlier hitting a six-week low as fears a Greek-style debt crisis may spread to other European nations raised uncertainty over future global energy demand. Read more of this post

The Euro Will Face Bigger Tests Than Greece

Otmar Issing, one of the fathers of the euro, correctly states the principle on which the single currency was founded.As he wrote in the FT last week, the euro was meant to be a monetary union but not a political one. Read more of this post

Dollar Falls To 14-month Low Against Euro

euroThe dollar slid to a 14-month low against the euro on Wednesday as investor appetite for risk increased following upbeat comments from Intel Corp. and after a top Federal Reserve official indicated U.S. interest rates would likely remain low for a quite a while.

By early afternoon London time, the euro was trading 0.3 per cent higher at $1.4896, just down on the 14-month high of $1.4913 it hit earlier in the session.

Meanwhile, the dollar was 0.5 per cent lower against the Japanese currency at 89.20 yen. Read more of this post

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