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The strength of the U.S. dollar is in trouble. In March a $1.25 bought you 1 euro, now it takes $1.50. But I’m here to tell you that this may not be a bad thing, at this time. Over the long term, a weaker dollar could narrow the long-running...
Tags: jobs, dollar, currency, economist, American, Euro, Yen, Yuan, manufacturing, inflation, 2009, stimulus
Japan's deteriorating economic fundamentals have dulled the yen's safe-haven shine, but some strategists say it's too early to toss the currency on the slag heap. The dollar is up about 7.4% against its Japanese counterpart this year, and in recent sessions,...
After a brief sputter at the open, stocks recharged the two-day rally Thursday, with a smaller-than-expected drop in retail sales and strength in bank and drugmaker shares fueling the run. Investors also sent GE higher, despite news that it lost its top...
The dollar rose against rival currencies Monday as investors continue to view the U.S. currency as a safer alternative to more risky assets despite the nation's weak economy. "We're still seeing a lot of nervousness in the market," said Kathy Lien, director...
The US dollar swung lower against the euro but rose against the yen as financial markets brightened on signs of a big Chinese economic stimulus that capped the greenback's recent fear-driven gains. The euro rose to 1.2657 dollars at 2200 GMT against 1.2556...
Tags: yen
The U.S. dollar was mixed against other major currencies in European trading Tuesday morning...The euro traded at $1.2600, up from $1.2572 late Monday in New York. Other dollar rates: 97.79 Japanese yen, up from 97.67 1.1753 Swiss francs, down from 1.1773...
Tags: recession, european, yen, market, economic, stock, gdp
The US dollar climbed against the euro on Wednesday as investors flocked to the greenback safe haven amid increasing economic troubles in Europe. The euro eased to 1.2721 dollars from 1.2843 late Tuesday at 2200 GMT in New York...Traders said the euro...
Energy prices followed broader financial markets higher yesterday as investors shook off more bad housing news and a dismal government report suggesting that consumer confidence is in free fall. Light, sweet crude for April delivery staged a late-session...
The dollar fell against the yen in Asian trade Tuesday after stocks plunged to near 12-year lows on Wall Street as worries mounted over the ailing US financial system. The dollar dropped to 94.28 yen in Tokyo morning trade from 94.58 in New York late...
Extending Asian session's uptrend, the Australian dollar jumped to a 10-day high against the US currency and a 4-day high against the yen during early European deals on Monday as a report said that U.S. financial services company Citigroup (C) is negotiating...
Tags: yen