Forex News and Rumors – Afternoon Update

Dollar Gains on Euro

The dollar gained 0.4 percent on the euro in mid-day trading today as stocks in the European markets continued to fall. More

Crude Falls to 22-Month Low

US forecasts are expected to show that US oil supplies have increased climbing to over one million barrels due largely to weakened demand for gasoline. Crude oil futures for December delivery fell 62 cents or $54.33 a barrel. More

Focus on NAFTA May Have to Wait

Despite campaigning on a promise to “re-visit” some aspects of the North American Free-Trade Agreement (NAFTA), more pressing issues concerning the economy seem poised to push NAFTA down President-Elect Obama’s priority list. More

Gold Falls as Inflation Concerns Ease

Gold futures for December delivery fell $9.30 to $732.70 an ounce on speculation that demand for commodities will continue to weaken into the new year. Reduced concerns over inflation have also contributed to a flight away from gold in search of more stable returns. More

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