ForexSphere

Commodities retreat as dollar gains strength (AP)

Gold, copper and oil fell as the dollar rebounded Friday but still managed to finish the month with big gains. The dollar rose against other currencies as investors sought shelter in safe assets like cash and Treasurys as stock prices tumbled.

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Patni Q3 Revenues up 3.3% at $167.2 million Net Income* up 24.5% QoQ (Business Wire)

MUMBAI, India—-Patni Computer Systems Limited today announced its financial results for the third quarter ended 30th September 2009.

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Safe-haven dollar gains as consumer spending weak (AP)

The dollar, after starting the week at a 14-month low against the euro, gained on most currencies Friday as concern about weak U.S. consumer spending offset jubilation over growth in the world’s largest economy.

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Oil trades below $79 as US dollar strengthens (AP)

Oil prices fell to below $79 a barrel Friday as the strengthening U.S. dollar outweighed news that the U.S. economy grew again in the third quarter after contracting for a full year.

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Europea faces tough path to recovery (AP)

Europe may join the United States in leaving recession when growth figures come out next month — but lackluster jobs and inflation data released Friday strongly suggest the continent’s hoped-for recovery will be slow and fragile.

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