The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report uptick.» Read More
The euro zone's trade surplus shrank more than expected in November amid a strong euro as imports grew faster than exports, the European Union's statistics office said on Thursday.
The euro plunged against the U.S. dollar after a European Central Bank official told Bloomberg News the central bank may revise down its euro zone growth forecasts for 2008.
The dollar Tuesday fell to its lowest against the yen since June 2005 and extended declines against the euro after U.S. retail sales data provided further evidence an economic slowdown was spreading to the consumer.
Important economic data will compete with Citigroup's much-anticipated earnings report ahead of Tuesday's opening bell. Retail sales data is being particularly watched to see if it is weak enough to prompt the Fed to cut rates even before its regular meeting at the end of the month.
The dollar dropped to a record low versus the Swiss franc and seven-week lows against the euro and yen on Monday as concern that weak U.S. corporate earnings will prompt more interest rate cuts weighed on the currency.
The haves and have nots this earnings period could come down to who has the biggest foreign exposure. Look what happened with IBM today. The weak dollar is its friend.
The yen strengthened across the board on Friday as global equity markets sagged on renewed fears that the U.S. financial sector may suffer even more losses, diminishing investors' risk appetite.
When central bankers speak, markets listen. That's why we're all waiting for Fed Chairman Ben Bernanke's comments on the economy at 1 p.m. today. But it looks like European Central Bank President Jean-Claude Trichet beat him to the punch.
The euro climbed across the board Thursday, after European Central Bank President Jean Claude-Trichet flagged more interest rate increases in the euro zone, citing lingering inflation pressures.
The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.
The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.
The dollar climbed Wednesday following comments from a Federal Reserve official who said it would be a mistake to say a U.S. recession is at hand.
An evocative smell from childhood can quickly trigger the realization that cost cutting is not a strategy, but a reaction that, without corresponding investment, will doom industries.
The yen retreated across the board Tuesday as investors waded back into risky carry trades, sparked by gains in global equities and a rise in commodity prices.
The dollar edged upward against the euro and the pound Monday as markets pondered whether rising inflation in the euro zone and Britain may bring interest-rate changes later this week.
Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.
Euro-zone investors are the gloomiest in 2-1/2 years and their expectations for the next six months are the most pessimistic on record as the credit crunch continues to depress sentiment, a survey showed on Monday.
With the benefit of 20/20 hindsight we turn our attention to some of the big predictions of 2007 and whether investors might have been better off just rolling the bones.
The dollar fell Friday after a December report showing the weakest jobs growth since August 2003 fueled fears of a recession and increased the likelihood of an aggressive rate cut by the Federal Reserve later this month.
High oil prices, driving up the cost of transportation and other services, as well as spiraling food prices contributed to euro-zone inflation staying well above the target while Swiss inflation came in at a 12-year high, data showed on Friday.