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The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
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If there is any lesson the Germans should have learnt from two lost wars and the Great Depression, then it is that they must avoid inflation.
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US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.
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The head of the International Monetary Fund has warned that governments are risking a currency war if they try to use exchange rates to solve domestic problems, reports the Financial Times.
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Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.
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If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
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Stocks are set to close out the third quarter with the best quarterly performance in a year, but traders are wondering what October will bring after September's record-setting performance and outsized moves in commodities, bonds and the dollar.
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China is absolutely right in resisting calls from the U.S. to revalue its yuan, said Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management, noting that this is a "very U.S. dollar-centric" world.
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Cramer doesn’t think so, but don’t be surprised if you see headlines trumpeting that message very soon.
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In the present circumstances, analysts tell me the weaker dollar is probably 'good' for most Americans. We are battling the power of two nightmares: double dip and deflation.
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This time of September is always one of the busiest but most exciting times of the year as fall in New York kicks off with a decidedly international flavor. Last week, New York was home to two important events: the opening of debate at the U.N. General Assembly and the annual meeting of the Clinton Global Initiative.
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Traders are watching the slow drip of economic data for the next catalyst that could jolt the market out of its doldrums — in either direction.
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aBSTRACT FOR POST
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The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
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Fault lines in Spain's fiscal health were "exaggerated" by markets, Spanish Prime Minister Jose Luis Rodriguez Zapatero told CNBC Wednesday, adding that a stiff set of austerity measures adopted by the country have already boosted investor confidence.
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Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
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Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.
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Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
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A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.
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Irish stocks fell Friday, dragged down by weak banking shares while the cost of insuring the country's sovereign debt soared to a new record high after analyst comments brought the former Celtic tiger's banking sector problems back into the limelight.
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An article published in the Financial Times Wednesday discusses a forecast by GFMS, a consultancy, which believes that the world’s central banks will purchase 15 tonnes of gold on a net basis this year, the first net purchase since 1988, according to GFMS. Central banks for a number of years have been liquidating their gold stockpiles in favor of holding paper currencies such as the U.S. dollar.