{"id":4139,"date":"2015-01-06T07:28:56","date_gmt":"2015-01-06T12:28:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4139"},"modified":"2015-01-06T07:28:56","modified_gmt":"2015-01-06T12:28:56","slug":"euro-plummets-as-global-oil-prices-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4139","title":{"rendered":"Euro plummets as global oil prices collapse"},"content":{"rendered":"<p><a href=\"http:\/\/www.aljazeera.com\/news\/europe\/2015\/01\/euro-plummets-as-global-oil-prices-collapse-201515223845848495.html\" target=\"_blank\"><span class=\"Apple-style-span\">Euro plummets as global oil prices collapse\u00a0<\/span><\/a><\/p>\n<p>The euro has plunged to a nine-year low against the dollar on worries that a victory in Greece by the far-left Syriza party in the January 25 election will result in the country&#8217;s departure from the European Union.<\/p>\n<p>The EU currency&#8217;s value, which\u00a0dived on Monday to $1.1864, a level last reached back in 2006.\u00a0was also dented by growing expectations of quantitative easing, or economic stimulus, from the European Central Bank.<\/p>\n<p>&#8220;Greek problems may spell trouble for the eurozone (and) may impact energy demand out of Western Europe &#8212; especially with press suggesting German politicians are talking about Grexit,&#8221; said analyst Anthony Cheung.<\/p>\n<p>&#8220;The dollar keeps strengthening and weighing on oil prices, with the Federal Reserve still on track to lift rates, while non-farm data on Friday should be another decent jobs statistic,&#8221; added Cheung.<\/p>\n<p>A long rally in the greenback, which gained 11 percent last year against a basket of major rival currencies, has weighed on the dollar-priced oil market by making crude more expensive for buyers using weaker currencies.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro plummets as global oil prices collapse\u00a0 The euro has plunged to a nine-year low against the dollar on worries that a victory in Greece by the far-left Syriza party in the January 25 election will result in the country&#8217;s departure from the European Union. The EU currency&#8217;s value, which\u00a0dived on Monday to $1.1864, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[280,589,1775,595,600],"class_list":["post-4139","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-euro","tag-oil-demand","tag-oil-price-collapse","tag-oil-production","tag-opec"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4139"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4139\/revisions"}],"predecessor-version":[{"id":4140,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4139\/revisions\/4140"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}