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  • The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold.

  • Europe Central Bank Holds Key Rate Steady Thursday, 6 Sep 2007 | 11:57 AM ET

    The European Central Bank kept its key monetary policy rate flat at 4% on Thursday due to persistent turbulence in the financial markets because of fears of a spillover of the U.S. subprime crisis.

  • Is the Euro-Zone Tightening Cycle Over? Thursday, 6 Sep 2007 | 6:46 AM ET

    Another rise in euro-zone interest rates looked assured last month, but the turmoil in the credit markets has brought pressure on European Central Bank President Jean-Claude Trichet to keep rates at 4%.

  • Investment Drop Slows Growth in Euro Zone Tuesday, 4 Sep 2007 | 7:37 AM ET

    A sharp drop in investment and government spending more than halved quarterly euro zone growth for April to June, but this is unlikely to stop further ECB interest rate rises as analysts expect the economy to pick up.

  • The dollar steadied versus the euro and yen on Monday at the start of a busy week for U.S. data which should shed light on the extent to which the credit markets turmoil is taking a toll on growth.

  • Dollar Seen Steady as Risk Aversion Stays High Friday, 31 Aug 2007 | 3:04 PM ET

    The safe-haven flow that has stabilized the dollar recently should persist next week as investors remain wary of risky assets, extending August's pattern of credit market turmoil feeding global demand for U.S. Treasuries.

  • Dollar Slips vs. Yen After Bush Says No Bail Out Friday, 31 Aug 2007 | 11:54 AM ET

    The dollar slipped against the yen Friday after President Bush and the head of the Federal Reserve both said they would not rescue speculators ailing from deteriorating lending conditions that could worsen.

  • Traders Look To Bernanke, Bush For Clues Friday, 31 Aug 2007 | 9:10 AM ET

    Stocks are winding up for a higher open as traders focus on the Fed Chairman Ben Bernanke's Jackson Hole address and President Bush's expected subprime rescue plan for defaulting homeowners. Bernanke's 10 a.m. speech has been the buzz of global markets for more than a week and it is being watched carefully for any clues on how the Fed might react...

  • Yen Trims Gains vs. Dollar as U.S. Stocks Rally Thursday, 30 Aug 2007 | 11:52 AM ET

    The yen rose modestly Thursday, recovering from the previous day's sharp decline, as investors continued a longer-term trend of reducing risky bets in response to troubled credit markets.

  • The yen gained on Tuesday as investors, fearing tougher credit conditions will crimp global economic growth, bought the lower-yielding Japanese currency and sold riskier assets.

  • Dollar Trades Mixed as Credit Fears Weigh Monday, 27 Aug 2007 | 2:23 PM ET

    The dollar rose against the euro, but fell against the yen Monday, as investors attempted to minimize exposure to risky assets amid lingering fears of a global credit crisis.

  • The dollar fell against most major currencies Friday, despite strong U.S. economic data, as calmer credit markets sparked renewed interest in riskier overseas assets.

  • Euro Zone August Growth Dips, Confidence Hit Friday, 24 Aug 2007 | 6:44 AM ET

    Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • Central Banks Worried Turmoil May Linger Thursday, 23 Aug 2007 | 10:52 AM ET

    Global financial turmoil prompted the Bank of Japan to hold rates on Thursday and warn that the tremors would take time to settle, and the European Central Bank was inundated with demand at a new money market tender.

  • Yen Sharply Lower on Renewed Risk Appetite Thursday, 23 Aug 2007 | 10:29 AM ET

    A surge in investors' appetite for higher-yielding currencies and assets pushed the yen towards its biggest daily and weekly losses against several currencies for years on Thursday.

  • Dollar Extends Losses vs Euro on Bomb Threat Report Wednesday, 22 Aug 2007 | 1:54 PM ET

    The dollar extended losses against the euro on Wednesday after a news report about a bomb threat in upstate New York.

  • Yen Holds Gains, Carry Trade Keeps Unwinding Tuesday, 21 Aug 2007 | 9:57 PM ET

    The yen held gains against the U.S. dollar and euro on Wednesday as investors kept shedding risky positions after a slide in a U.S. stock index gave a reminder that confidence in the credit market has yet to be restored.

  • Yen Climbs as Investors Shun Risk, Await Fed Cut Tuesday, 21 Aug 2007 | 5:13 PM ET

    The yen gained broadly Tuesday as jitters about global credit conditions led investors to shed risky assets funded by borrowing in the Japanese currency

  • The dollar inched higher against the euro Monday after a new report said that U.S. economic growth was set to pick up slightly despite misgivings about the housing market.

  • Dollar Falls after Fed Acts on Credit Turmoil Friday, 17 Aug 2007 | 3:05 PM ET

    The dollar fell broadly Friday after the Federal Reserve slashed the interest rate it charges on loans to banks, and said economic growth could slow in light of tightening credit markets.