NEW YORK, Aug 28- The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank can't wait for the case on hiking...» Read More
This is the Treasury Secretary's second international trip, reports CNBC's Kelly Evans, as European shares rebound and investors look ahead to a week of high profile meetings between European leaders and officials.
The safe-haven status of the Japanese yen is being called into question after it hit fresh multi-year lows on Monday.
Most Asian currencies have found it impossible to carve out any sort of trend, regardless of a country's underlying fundamentals. A forex manager looks at the result.
Tou Chen Chang, Managing Director and Head of Global Banking, South East Asia at HSBC, explains why he doesn't believe a weak yen will reduce outbound M&A activity from Japan.
The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
Digital currency bitcoin has seen a spike in interest coinciding with a huge rally, but it has divided opinion greatly with analysts differing on whether it's an advancement in the monetary system or just a large ponzi scheme that should be avoided.
CNBC's Kelly Evans reports on all the market moving events from Europe.
Interest in bitcoins has reached fever pitch around the world helping the price soar to an all-time high earlier this week, and Finland is firmly tuned into the zeitgeist more so than even the U.S. or Japan.
Brendan Callan, CEO of FXCM Europe, says there is a disproportionate number of foreign exchange firms in Cyprus, because it's easy to get registered there due to relaxed regulations.
Matt Sherwood, Head of Investment Market Research at Perpetual says Japan's market rally could fade if the government does not implement economic reforms.
The South Korean won dropped to a fresh 7-month low against the dollar early on Friday as investors remained wary of more bellicose rhetoric from North Korea and with inter-Korean tension escalating.
Davide Serra, founder and CEO of Algebris Investments, describes the virtual currency Bitcoin as a "ponzi scheme" and something "narco-dollar traffickers" would love.
The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
With the divergence widening between U.S. economic prospects and the outlook for Britain, Japan, and the euro zone, experts see dollar strength ahead.
CNBC's Kelly Evans reports European shares were mixed ahead of policy decisions by the European Central Bank and the Bank of England.
Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high.
An effective formula of combining monetary and fiscal policies means Japan is in a better position to benefit from quantitative easing compared to the U.S., says Nobel Laureate Joseph Stiglitz.
Todd Elmer, Currency Strategist at Citi remains cautious on the yen while weighing the impact of BoJ easing and other global central bank strategies on major currencies across the board.
The dollar fell across the board on Wednesday after a report showed the US private sector created fewer jobs than expected last month, raising concerns that recovery has stalled.
With the price surging more than 50% in just a few days, even Bitcoin supporters acknowledge that the digital currency is unofficially in bubble territory.