"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, November 10, 2012

Euro falls to 2-month low vs dollar as core Europe slows

Euro falls to 2-month low vs dollar as core Europe slows
Reuters
NEW YORK (Reuters) - The euro dropped to a two-month low against the U.S. dollar on Friday and could extend losses as fears mounted that the euro zone's debt crisis and deteriorating economic conditions could drag down global economic growth.

Slovenia presidential vote comes amid debt crisis
Atlanta Journal Constitution
Three candidates are vying for the presidency this weekend in crisis-stricken Euro zone member Slovenia where deep political divisions have threatened efforts at reforms needed to avoid possible bailout. (AP Photo/Darko Bandic). View Larger · Slovenia ...

Soros Says Euro Crisis Threatening Europe's Cohesion, EU Ideals
Businessweek
Billionaire investor George Soros said the euro zone's debt crisis is harming the forces that have held the currency bloc together as well as the vision that led to the creation of the European Union. “The euro crisis is threatening Europe's cohesion ...

Europe stocks drop 1.7% on week, Greece weighs
MarketWatch
LONDON (MarketWatch)—European stocks closed the week 1.7% lower with banking shares under pressure Friday, as upbeat Chinese economic data failed to spur investor optimism amid worries over the euro-zone debt crisis. The Stoxx Europe 600 index ...

Euro zone crisis: Worst seems to be over
NDTV
That's important because a major cause of the crisis was Greece's overspending during the calm years after the euro's introduction in 1999, and Italy's failure to cut the high levels of debt it joined with. Other governments — such as Spain and ...

FOREX-Euro hits two-month low vs dollar after ECB holds on rates
Reuters
German exports slid at their fastest pace since late last year, figures showed on Thursday, adding to evidence that the euro zone's debt crisis has begun to inflict a heavy toll on Europe's largest economy. The dollar index, which measures its ...

Euro dips below 1.2700, risks skewed to the downside
NASDAQ
FXstreet.com (Córdoba) - The euro fell to a fresh 2-month low beneath 1.2700 against the dollar on Friday amid mounting concerns over the euro zone debt crisis and the global economic growth. Even though the European session was marked by a strong ...

Debt Crisis: Germany plans limit on 2013 borrowing to reach balanced budget
Irish Independent
A German parliamentary committee set a limit on new borrowing in 2013 on Friday that puts theeuro zone's largest economy on track to honour its own demands for balanced budgets across the region. The German parliament's budget committee set a cap for ...

METALS-Copper hits 2-month low on US fiscal, euro zone concern
Reuters
... U.S. "fiscal cliff", euro zone debt crisis weigh * China data upbeat, congress eyed for stimulus hints By Maytaal Angel LONDON, Nov 9 (Reuters) - Copper hit its lowest in more than two months on Friday as a stronger dollar, a looming U.S. fiscal ...

Germany Is Getting Worried That France Is Dragging It Down
Business Insider
Schaeuble has been a close ally of France and has argued firm ties are key to achieving more European integration, a persistent German demand to solve the problems of the euro zone debt crisis. In August, he and his French counterpart Pierre Moscovici ...

more news below

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah