ZEW says Germany is on the mend…  UK inflation remains higher than expected…  Safe Haven, what safe haven?  Housing data remains soft… And Now… Today’s Pfennig!

The yen and the dollar edged up against the euro today, Wednesday, as falls in equities and oil prices dampened investors’ appetite for riskier assets.

Last week, the European Central Bank squared its shoulders and joined ranks of the damned. The Times of London reported that in joining up with the US Federal Reserve Bank and the Bank of England, the European Central Bank “pulled out all the stops” in their drive to revive their economies.

In the currency market, the dollar continued to fall against the euro and most other world currencies. Late Thursday, the euro was trading at $1.3671 vs. $1.3485 on Wednesday.

It’s a recession but Byron King tells us that it is not too late for gold investing.  He has been encouraging gold bugs for over ten years now. Here he explains why owning gold and silver is the safest way to weather out this economic storm.

Federal Reserve governor Ben Bernanke and Bank of England governor Mervyn King both used to be teachers. I’m glad I wasn’t a student in their classes.

A spree of economic props dominoed across Europe today (Thursday) all sharing the same theme – stopping the global financial crisis from getting worse. The European Central Bank took a drastic step to protect the Eurozone economy from shrinking further by lowering its benchmark interest rate by three-quarters of a percentage point to 2.5%.

In the currency market, the dollar was slightly higher against the euro. Late Wednesday, the euro was trading at $1.27 vs. $1.271 on Tuesday.

Dollar firms vs euro ahead of expected ECB rate cut… Traders eye U.S. data, central bank rate cuts for impetus… U.S. November car sales tumble 37 pct

Dollar rises vs euro as risk aversion persists…  Yen supported on persistent global economy fears…  Euro zone inflation plunges