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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	11/24/2006 4:50:10 PM
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Dollar info: Dollar loses ground against euro Recent economic news has favoured the euro The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy. The euro surged to $1.3086 against the dollar, with many other currencies following suit. Sterling rose almost 1% to $1.93, the yen hit a two-month high and Russia's rouble rose to a seven-year high. Analysts have voiced concerns about the US economy after the White House downgraded its growth forecasts amid a sharp slowdown in the housing market. Meanwhile, expectations that the European Central Bank is once again about to raise interest rates gave a lift to the euro. Recent figures showing an unexpected rise in German business sentiment - its seventh quarterly rise in a row - also helped. So did French data showing that business confidence held at five-year highs in November. However, traders added that thin trade as a result of the US Thanksgiving holiday might have benefited the euro. "For the time being, the news flow is favouring the euro. If we close above $1.30 today, the key will be if we reject all of this as a Thanksgiving phenomenon or not," said Ian Gunner, head of foreign exchange research at Mellon Bank. E-mail this to a friend Printable version SEE ALSO ECB calls for inflation vigilance 20 Nov 06 \| Business Euro inflation continues to cool 31 Oct 06 \| Business Sterling heading for $2 barrier 06 Aug 06 \| Business Russian rouble faces world market 30 Jun 06 \| Business Why the dollar is falling so fast 15 May 06 \| Business TOP BUSINESS STORIES Dollar loses ground against euro Howard 'won't halt Qantas deal' Sony recalls cameras over glitch \| News feeds MOST POPULAR STORIES NOW MOST E-MAILED MOST READ Man, 58, must prove Britishness Profile: Rwanda's strongman 'Only 50 years left' for sea fish Snake bursts after gobbling gator CIA role claim in Kennedy killing Most popular now, in detail MOST E-MAILED MOST READ Radiation found after spy's death What is polonium-210? Row over 'Aids' death certificate Dollar loses ground against euro Day in pictures Most popular now, in detail FEATURES, VIEWS, ANALYSIS Conspiracy theories Speculation mounts about Lebanon's political murder Haunted by hunger Ukraine argues over whether Soviet-era famine was genocide Day in pictures Some of the most striking images from around the world PRODUCTS AND SERVICES E-mail news Mobiles Alerts News feeds Podcasts BBC Copyright Notice Most Popular Now \| The most read story in North America is: Radiation found after spy's death Back to top ^^ Help Privacy and cookies policy News sources About the BBC Contact us

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