Forex News and Rumors

Euro Declines on Rate Cut Speculation

The euro lost ground to the dollar this morning as pressure grows for the European Central Bank to lower interest rates. In Washington this past Friday, the International Monetary Fund (IMF) said that European leaders were “failing to grasp the depth of the coming slump in their region, creating the risk of social upheaval”. More

Oil Continues to Fall Despite OPEC Cuts

Crude oil prices fell below $40 in New York as experts suggest that global consumption could fall by one million barrels a day by the end of the year. More

Trichet Optimistic for 2010 Recovery

Jean-Claude Trichet – President of the European Central Bank – noted in a meeting of the world’s central bankers today that “globally we have the sentiment that 2010 will be the year of pickup, of significant pickup”. More

Agreement in Place to Ship Gas to Europe Via Ukraine

Russian energy giant Gazprom and the Ukraine government have completed an agreement that will see gas shipments intended for Europe resumed nearly two weeks after supplies were cut over a pricing disagreement. More

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