EconWatch.com > Euro Economy Weakening

Forex Fundamental Analysis Reports (ActionForex.com)[Forex Fundamental Analysis Reports (ActionForex.com)] The US currency weakened sharply in European trading on Monday with a low near 1.5520. The dollar was unsettled by a sharp rise in oil prices to record highs, although crude did retreat from its best levels later in US trading which helped the US currency rebound from lows.

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Currency Exchangehttp://www.thisfrenchlife.com/currency/2008/06/sterling-remain.html [Currency Exchange] Sterling remained generally weak against the Euro: The dollar was confined to narrow ranges around 1.56 ahead of the US employment data on Friday, but then weakened sharply in US trading for the second day running.

Bahamas Issues Bahamian Web Communityhttp://www.bahamasissues.com/showthread.php?t=15420 [Bahamas Issues Bahamian Web Community] Unsettled again: Good in the fact that the US Dollar is cheaper for European tourists to buy, and that makes a holiday to the Bahamas cheaper. But it is bad because its basis is the US Dollar, and the Bahamian economy is tied to the US economy.

Complete Property Market Updates of Singaporehttp://propertymarketupdates.com/2008/06/04/eye-on-the-us-economy/ [Complete Property Market Updates of Singapore] Eye on the US economy: AS A region, South-east Asia still has tremendous growth opportunities backed by strong economies in Indonesia, Thailand, Malaysia and Singapore, and a combined GDP of more than 690 billion euros (S$1.459 trillion) per annum. With such impressive figures, TNT is confident that the region will remain robust and resilient even as the US economy slows down, and we believe we’ll see a rebound in the US in the near future.

Currency Exchangehttp://www.thisfrenchlife.com/currency/2008/06/poor-figures-fr.html [Currency Exchange] Poor figures from US jobs market: Luke has worked in the City since graduating from University of Leicester and has been with SGM-FX since January 2003 initially working for the company in Spain before taking up his current position as European Desk Manager in London.

Fitzgerald's spacehttp://fitzgerald-gerry-yaw.spaces.live.com/blog/cns!C6D7731A3B7A49BA!142.entry [Fitzgerald's space] The Future of Tourism/May 2008 Perspective: WorldHotels, a hotel-marketing company, says that Americans can book rooms at a one-to-one euro-dollar exchange rate””a saving of roughly one-third at today's rate””at 52 of the European hotels on its books. Nevertheless, WorldHotels saw a 15% drop in business from Americans at its European hotels during the first quarter of this year.

Cambridge Forecast Group Bloghttp://cambridgeforecast.wordpress.com/2008/05/18/cambridge-forecast-group-globalization-essay-by-l-feiner/ [Cambridge Forecast Group Blog] CAMBRIDGE FORECAST GROUP: GLOBALIZATION ESSAY BY L. FEINER: In fact, America’s Reagan revolution was able to act as a regional and global“engine of growth” only because of America’s status as the world’s economic colossus,.and its willingness to farm out part of its manufacturing capacity to Japan, (in order to give Japan the dollars for America to borrow) Japan’s current problems are often compared to America’s problems in the 1930’s, a deflation caused by deficiencies in the banking system (the usual right-wing monetarist explanation).However, (leaving right-wing monetarism aside) what were America’s problems in the 30’s?. These problems were (1) wide-spread poverty, and (2) the lack of non-private stimulus to economic growth.

Investment Postcards from Cape Townhttp://www.investmentpostcards.com/2008/05/18/words-from-the-investment-wise-for-the-week-that-was-may-12-%E2%80%93-18-2008/ [Investment Postcards from Cape Town] Words from the (investment) wise for the week that was (May 12 ...: “Inflation expectations, at 2.9% on average for 2008, are even more clearly above the inflation target of the European Central Bank than at the beginning of the year (2.5%). Nevertheless, in the opinion of the WES experts, key interest rates will decline somewhat in the course of the next six months;

[Hyerczyk Pattern Price & Time Report] Stronger Than Expected Retail Sales Helps Support US Dollar: ECB Council member Christian Noyer reiterated the European Central Bank's firm stance against inflation. He also added his concern that some Asian and Middle Eastern governments pose an "unstable and dangerous" inflation threat to the world economy by linking currencies to the Dollar.

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