Monday, January 11, 2010

Dollar Declines On Lack Of Economic Data

01/11/10 The US dollar dropped this session, most specifically against the euro to a three-week low, on a lack of economic data.

Foreclosure Crisis Still Threat to Recovery Analyst says

Jan. 11 (Bloomberg) -- Susan Wachter, a real estate professor at the Wharton School at the University of Pennsylvania, talks with Bloomberg’s Lori Rothman about the potential impact of prime foreclosures on the U.S. economic recovery. Wachter also discusses the unemployment rate's effect on the housing market, and the implications of Federal Reserve monetary policy for banks and homeowners. (Source: Bloomberg)

Oil Trades Above $83, Then Slips

01/11/10 Front month crude prices kicked off a new week mixed despite a boost in Chinese crude demand and a weaker US dollar.
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