NEW YORK, March 14- The yen rose on Friday, poised for its biggest weekly gains in more than a month against the euro and the dollar as traders flocked to it on growing tension in Ukraine and fears about the health of the Chinese economy.» Read More
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.
With other central banks acting to create money out of thin air because they cannot lower short-term interest rates any further, the ECB remains wary of the specter of inflation.
Global stocks soared again Tuesday after investors cheered the U.S. Treasury's plan to free banks of up to $1 trillion in toxic debt, part of an array of measures designed to jumpstart lending and the economy. Experts tell CNBC the U.S. economy may be close to a bottom.
Global stocks were up Monday as anticipation of the details of US Treasury Secretary Timothy Geithner's plans to buy up toxic assets boosted investor sentiment. But experts are concerned that the methods the US is using are not going to help the economy.
Welcome to the world of the fluctuating U.S. dollar. After gathering considerable strength against the euro for many months, the greenback reversed course last week with the most dramatic valuation swing in years.
Global stocks dropped Friday on concerns about the inflationary effects of the Federal Reserve's plan to buy government debt. Experts on CNBC weigh in on what needs to happen for economies worldwide to recover.
The dollar fell again on Thursday after suffering its biggest daily plunge since 1985. Should you ditch the dollar?
Global stocks traded higher, as did the dollar against the euro, Thursday after the Federal Reserve's surprise announcement it would buy $300 billion in US Treasurys in order to help the ailing economy.
After the IMF forecast the UK economy will be one of the last major economies to come out of a recession in 2011, experts interviewed by CNBC were torn on which country would lead the economic recovery.
Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.
Global stocks snapped their winning streak Tuesday on worries over the U.S. economy deteriorating further as American Express said its credit card default rates soared last month, hammering home the heavy toll the financial crisis has had on the consumer.
Global stocks rose again Monday, for the fifth consecutive session, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper stocks.
Friday the 13th appeared lucky for global stocks as they traded in the green for a fourth consecutive day, boosted by reassuring news out of the financial sector that both Citigroup and Bank of America are well capitalized. Experts tell CNBC that the current rally may last a little longer.
Economic gloom returned to the markets Thursday with warnings about further declines in demand and production hitting stocks and boosting bonds. Experts tell CNBC that the US economy will remain weak while China, despite grim data, is also showing some signs of stabilization.
US banking stocks could post a huge rally as the market is moving away from its downside momentum, Chris Locke, a technical analyst from Oytsertrade.com told CNBC.
The Dow Jones Transport Index, widely believed to be a predictor of where US markets are going, shows signs of bottoming out, Roelof van den Akker from ING Wholesale Banking told CNBC.
Global stocks rose Tuesday on optimism over the global economy as top U.S. officials on Monday urged other countries to step up spending to combat recession. But experts interviewed on CNBC see this rally as fragile and short-lived.
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.