Greenback strengthened slightly after energy price spike pressures ...
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The dollar strengthened slightly against major currencies in Asian trade yesterday, with the yen coming under pressure from a further spike in crude oil prices, dealers said.
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Higher energy costs boosted producer prices 0.9 percent in May, but excluding volatile food and energy costs, prices paid at the factory gate were up a more moderate 0.2 percent, the Labor Department reported on Thursday.
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Crude oil prices are back above the $47 a barrel mark after an energy market watchdog raised its forecasts for global demand.
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The sharp rise in oil prices which recently creeps towards $60 per barrel has put many energy industries and those reliant on energy on the edge for fear of the adverse affects of escalating prices.
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Rising energy prices pushed wholesale prices up in May, but the measure of core producer prices registered a small increase, suggesting that high gasoline prices are not affecting the cost of other goods.
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Oil prices edged higher on Tuesday,   rebounding slightly from a near 3-month low the previous   session as supply concerns eased with the end of the U.S.   summer driving season.
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U.S. stocks rose modestly on Tuesday as energy shares advanced on higher oil prices and offset a warning from Federal Reserve Chairman Ben Bernanke about the risk of inflation.
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Falling energy costs pulled down  U.S. consumer prices last month, but core inflation inched up  and housing starts surged, according to data on Wednesday that  bolstered expectations for a steady diet of interest-rate  rises.
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TORONTO (CP) - The Toronto stock market was sent higher Friday morning by improvements in energy stocks as a two-day slide in oil prices skidded to a stop and signs of strong economic growth.
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Oil prices continued to rally on Monday, clawing back more of this months' losses on heightened concerns over low global winter fuel supplies.
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Higher energy costs boosted producer  prices 0.9 percent in May, but excluding volatile food and  energy costs, prices paid at the factory gate were up a more  moderate 0.2 percent, the Labor Department reported on  Thursday.
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The dollar recovers from record lows against the euro, but analysts say underlying greenback weaknesses remain.
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Oil climbed back towards its new $90 peak on Friday, supported by tight fuel stocks ahead of winter and a softening dollar.
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Rising energy costs drove up U.S.  consumer prices a larger-than-expected 0.6 percent in October,  while industrial output and housing starts rebounded strongly  from the prior month.
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Putting the greens back in the green Rising electricity prices could be good news for the UK's fledgling solar power industry, according to a report from ENF, a solar power broker and market research group.â¦
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What&#39;s going on with the dollar? After falling steadily for the better part of two years, the greenback showed signs of stabilizing in the spring and summer.
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European equities moved higher on Tuesday, as recent losses for financial stocks triggered some technical buying, while oil companies and utilities provided defensive back-up.