News on Economic Indicators and Interest Rates

Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun. Jim Flaherty gave his most recent, sobering assessment of economic prospects in a conference call from Chile, after a meeting with finance ministers from the Americas. Responding to surprisingly high job losses reported in the United States earlier this week, Flaherty said all of his colleagues are concerned with ...

The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback. In late afternoon trading here, the European single currency weakened to 1.3987 dollars from 1.3997 dollars in New York late on Thursday. Against the Japanese currency, the dollar also edged up to 96.00 yen from 95.94 yen on Thursday while the euro rose to 134.44 yen from 134.30 previously. Trading activity was limited ...

The dollar edged up Friday against the euro as fresh worries about the health of the US economy supported the "safe-haven" greenback, dealers said. In late morning trading here, the European single currency weakened to 1.3992 dollars from 1.3997 dollars in New York late on Thursday. Against the Japanese currency, the dollar rose to 95.96 yen from 95.94 yen on Thursday. "The June US jobs report provoked disappointment and a subsequent sell-off in risk assets," said Calyon analyst Mitul Kotecha. Investors bought the dollar after US ...

Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy. Meanwhile oil market officials here launched a probe into an alleged rogue trader who this week helped push prices to eight-month peaks, costing his company nearly 10 million dollars (7.15 million euros). In early London trade, Brent North Sea crude for delivery in August dropped 22 cents to 66.43 dollars a barrel. New York's main contract, light ...