The dollar was firm near a two-month high against the yen and held gains against the euro after stronger-than-expected underlying U.S. inflation.» Read More
The singe European currency may bring the end of the whole European Union, because its one-size-fits-all approach means countries on the "wrong" side of the economic cycle lose out, European MP Nigel Farage said.
Currencies make a lot of sense in a diversified portfolio and many investors are missing the boat when it comes to the currency market, said Bill Spiropoulos, CEO of CoreStates Capital Advisors.
U.S. stock index futures predicted the slightly higher open on Monday, but Manus Cranny from MF Global Spreads said that sustainability is now the critical question.
The bear-market rally that stocks have enjoyed for the last 10 weeks is over, Robin Griffiths, technical analyst at Cazenove Capital told CNBC Monday.
A sustainable recovery will occur only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen, Marc Faber, the author of "The Gloom, Boom & Doom Report," told CNBC Friday.
Prepare for War, the Death of capitalism and Bankruptcy of the US Government (not necessarily in that order). A vintage performance from the author of "The Gloom, Boom & Doom Report".
Renowned bear Marc Faber, author of "The Gloom, Boom & Doom Report," told CNBC that capitalism risks failing like communism unless the free market is allowed to clean up troubled companies.
Major central banks' efforts to lift the world economy by printing money have boosted asset prices, so stocks are unlikely to hit their lows from November and March, Marc Faber, the author of "The Gloom, Boom & Doom Report," wrote in his latest research report.
Wary of the stock market, some French investors are betting on dairy cows to boost their fortunes.
The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.
The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.
Reports that the IMF suggested that Eastern European countries should adopt the euro as soon as possible to solve their current account deficit and exchange rate problems have been dismissed by some experts.
The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."
Quantitative easing measures and monetary policy in the United States will kill the dollar quickly unless there are balances to it as a global currency, Zhu Min, executive vice president of the Bank of China told CNBC Wednesday.
The U.S. dollar rose against the yenFriday after the key U.S. nonfarm payrolls report came in not as bad as many had feared, bolstering investors' appetite for riskier assets.
The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies expert George Soros told CNBC.
As leaders from the most power nations from around the world meet at the G20 summit to discuss coordinated measures to contain the global slowdown, many policy makers continue to modify their fiscal policies.
Currency traders are keeping an ear turned toward London this week. How will the outcome of the G20 meeting impact the major currencies?
Global stocks were mixed on Wednesday as the enthusiasm over the U.S. Treasury's plan to rid banks of up to $1 trillion in toxic assets was tempered by investors' second thoughts over how successful it could be.
The Norwegian kroner is "the best currency in the world" and certainly preferable to the US dollar, UK pound and other currencies where governments are practicing quantitative easing, David Bloom, global head of foreign exchange at HSBC, told CNBC Wednesday.