Dollar Falls on Recession Worries
The dollar continues to lose ground to the euro as we head into the final week of 2008. Several reports are due for release in the next two weeks and these are expected to show that manufacturing has declined considerably and US unemployment is expected to grow. More
Analysts Say Pound Could Recover Next Year
Several currency analysts have suggested that the pound could start to recover at least some of the 24 percent it lost to the euro during 2008. More
Venezuela to Take Back Gold Mines
In order to offset slumping oil prices, Venezuelan President Hugo Chavez said Saturday that the government would seize several large gold mines including the country’s largest gold mine Las Cristinas which is owned by Canadian mining company Crystallex International Corp. More
Industrial Output in Japan Falls 8%
Industrial output in Japan fell more than 8 percent in November compared to totals for October. This is the largest single month decline on record. More
