The week ended with moderate rises for gold and silver prices despite their falls during most of the week. During the week the French and Germans came up with a plan vis-à-vis the Greek debt crisis; US existing home sales…
Tag: Euros to US dollar
US Federal deficit declined to $43 billion in June
According to the recent publication of the Monthly Treasury Statement, the US government deficit reached in June 2011 $43.08 billion; this is a 25% decrease from the $57.641 billion deficit recorded in May 2011, and a decrease of 37% from…
US inflation fell by 0.2% in June – July 15th
In the recent report of the Bureau of Labor Statistics, the US inflation for June 2011 declined by 0.2% or in annual terms it rose by 3.6%. The prime reason for the decrease was related to the drop in…
European Union approved 8.7 billion euros aid to Greece– July 4
Following last week’s vote in the Greek parliament in which it approved the package of budget cuts proposed by Prime Minister George Papandreou, the European Union ministers of finance convened over the weekend and approved the aid to Greece. The…
Recommended posts for the weekend – July 2nd
The month of June is behind us and we are upon a new month with same concerns including the Greek debt, among others. Here are several recommended posts regarding the forex and commodities markets of July 2nd: In Forexcrunch,…
Euro Area unemployment remained unchanged May 2011
The Euro Area unemployment rate remained unchanged during May 2011 on 9.9%; according to the recent Eurostat report, the rate was still lower than the rate of unemployment during May 2010. It’s estimated that nearly 22.378 million people in…
Greek budget cuts were approved Euro rises– June 29
Greek parliament approved today the package of budget cuts proposed by Prime Minister George Papandreou. These budget cuts are estimated at nearly 28 billion euros. This vote was critical for Greece to avoid default on its debt, and was one…
US consumer confidence declined in June
According to the recent consumer confidence survey in the US, the consumer confidence index has declined during June; this index declined during May as well. This survey shows the confidence of American consumers in US businesses; the total index declined…
Greek rescue plan news update– June 27
Is the Greek rescue plan underway? According to recent news, French banks including BNP Paribas told the French government they are willing to be among the financiers to roll over the maturing Greek government bonds, and thus to avert a…
Recommended posts for the weekend – June 26
The Greek debt crisis seems to have subsided for now, but it’s still far from over. Here are a several recommended posts you may find interesting as of June 26th: Yohay Elam in Forexcrunch analyzes the growing concerns over…