*U.S. attacks IS targets in Syria. LONDON, Sept 23- Gold rose on Tuesday as the dollar eased following comments from a New York Federal Reserve official that any increase in interest rates should be done cautiously, while U.S. air strikes added to global tensions and demand for safe assets.» Read More
The dollar steadied today, holding little changed against the euro and the yen, but still set to post its steepest weekly decline in two months against a basket of major currencies.
I’m sure I’m not the only one who listened to every word of Federal Reserve Chairman Ben Bernanke’s Congressional testimony over the past two days. But I AM sure I can say no one is jealous of me, including most of my co-workers. It comes with the Breaking News Desk job description.
The dollar fell to a one-month low against the yen today, one of its biggest daily falls since June 2006, after U.S. data showed the first monthly net outflow from U.S. capital markets in nearly two years.
The dollar fell sharply against the euro after a wider U.S. trade deficit in December raised worries about downward revisions to growth.
The dollar rose against the euro and neared a four-year peak against the yen after G7 members ended a meeting without calling Japanese currency weakness a threat to the global economy.
Dallas Federal Reserve President Richard Fisher said on Friday he is fairly comfortable with the inflation outlook but would "aggressively" argue for further interest rate increases if inflation does not ebb as expected
Saint Louis Federal Reserve President William Poole said inflation ought to moderate this year amid solid growth, but if this failed to happen, he would press for policy action.
The yen extended its slump as investors grew more certain finance officials from the world's wealthiest nations will offer no opinion on the currency's broad weakness at their meeting later in the day.
The euro advanced against most currencies after investors interpreted remarks from the head of the European Central Bank as signaling a rise in benchmark interest rates in March.
Chalk it up to the new centrism -- or perhaps it's because some issues are so irksome, Republicans and Democrats must agree that a solution is needed. Whatever the case, two House members joined "Power Lunch" to sound the alarm over the alternative minimum tax (AMT) -- and the 20-month deadline to fix it.
Oil prices are hovering lower today, after failing to breach the $60 mark for three days straight. Therefore, we can conclude that oil will remain at this level ad infinitum, right? Think again, two petroleum market analysts told "Morning Call."
The European Central Bank and the Bank of England both kept interest rates steady Thursday, and now investors will be looking to the ECB press conference for more insight on when European rates will rise.
Stocks look mixed to weaker ahead of the opening after yesterday's Dow rise into record territory reversed course, leaving the key index flat on the day. Early focus this morning is on the European Central Bank's rate decision and then retailers' January sales reports could help drive sentiment.
The yen continued to weaken against the dollar and euro amid expectations Group of Seven finance officials will not take a tough stance on the Japanese currency's broad weakness at this weekend's meeting.
Philadelphia Federal Reserve Bank President Charles Plosser said more policy tightening may be needed to keep price rises in check as the economy resumes growth.
The euro moved a little lower against the U.S. dollar on Monday as traders looked ahead to a decision on European interest rates later this week and the U.S. service sector grew faster last month.
I want to share a conversation I just had with my friend Nancy Taylor Bubes, a top realtor in D.C., who has helped transfer literally hundreds of millions of dollars worth of property in the coveted Georgetown neighborhood. ...For the past year she's been bemoaning the market, showing me homes that have been sitting on the market for months without so much as a sniff. So I visited her at a small townhouse in Georgetown that just sold for a touch over a million dollars.
Although the good Lord had already told markets he would be leaving 17 months early, the latest earnings news has underlined the need for a new broom at BP.
The yen hit a 1-1/2 week high against the euro and rose versus the dollar on Monday as investors scaled back bets against the Japanese currency before a weekend meeting of Group of Seven financial chiefs.
Employment figures are down: the Labor Department reports joblessness rising to 4.6%. The Dow has followed suit, losing 30.92 points by presstime. Should investors head for the hills? Not according to Mike Darda, chief economist at MKM Partners. Darda joined "Street Signs" to...