Euro reaching a new low and losing confidence in the market

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Source: Bloomberg
The Euro reached a value of 0.6% than its all time low in 2010 of $1,20. The currency has been trading lower against its main peers, after Sunday's interview of Angela Merkel. She announced that none of the austerity measures of the five states in need of economic help will be softened.
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Mon, 16 Jul 2012 07:17:25 GMT

Oil prices drop this week in the USA

Oil prices fell again after a slight recovery last week. Futures declined by 0.6% in New York on Monday morning, July 16. August-delivery oil dropped by USD 0.51 to USD 86.58 a barrel. Oil refining slid by 3.4% from May in the US. This led to a record low topping level of 8.79 million barrels a day. Gasoline prices declined by 6.77% to USD

Fri, 13 Jul 2012 15:45:03 GMT

Telecommunications sector boosted German stock index

Germany's shares surged on Friday amid hopes for easing in China after Chinese GDP growth tumbled to the lowest level in the last three years. German blue chip index soared 1.07% to trade at 6,474.30. Telecommunications sector was the top-performer, skyrocketing 3.88%. Deutsche Telecom rose 3.3% after Credit Suisse Group upgraded  rating of the firm's shares from underperform to neutral.

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