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  • For the week ending Friday, August 15, 2008,  U.S. major Indices finished mixed, after the markets digested negative results including a surge in CPI, a decline in retail sales, and continued expansion in unemployment claims.  The Nasdaq Composite prevailed amongst the major U.S. indices, as it edged up 1.59% for the week, marking its fifth week of gains.   Nasdaq gains were led by bullish comments on Amazon (AMZN) which gained 7.3% for the week.  The likelihood of the eurozone moving toward recession allowed for a stronger dollar against the euro, continued pressure on oil, and a positive impact on U.S. stocks as a potential safe haven.

  • Dollar Rallies On, Rolling to 6-month High vs Euro Friday, 15 Aug 2008 | 3:20 PM ET

    The U.S. dollar jumped to a six-month high against the euro Friday amid signs the U.S. economic slowdown may be bottoming while growth in the euro zone stalls.

  • Dollar Jumps to Near 6-Month High Vs. Euro Thursday, 14 Aug 2008 | 4:33 PM ET

    The U.S. dollar rallied to an almost six-month high against the euro Thursday amid growing concern over euro zone economic weakness and accelerating inflation in the United States.

  • Dollar Has Bottomed, Euro Will Fall: Goldman Sachs Thursday, 14 Aug 2008 | 2:13 PM ET

    Stabilizing U.S. economic growth, falling oil prices and a deteriorating outlook outside the United States have led Goldman Sachs to abandon its ten-year bearish stance on the U.S. dollar.

  • Dollar Edges Lower Against Euro as Oil Rebounds Wednesday, 13 Aug 2008 | 3:39 PM ET
    Dollar and Euro

    The U.S. dollar edged lower against the euro on Wednesday after a spike in crude oil prices rekindled worries about the world's largest economy's growth outlook.

  • Dollar Rally Pauses as Investors Take Profits Tuesday, 12 Aug 2008 | 1:03 PM ET

    A rally in the U.S. dollar stalled and the currency was little changed against the euro Tuesday as some investors sold the greenback to lock in profits after it touched multi-month highs.

  • Dollar Rises vs Euro on Growth Outlook, Oil Drop Monday, 11 Aug 2008 | 1:33 PM ET

    The dollar extended last week's rally and rose versus the euro on Monday as investors assessed how hard the slowdown blighting the U.S. economy would hit the rest of the world.

  • After introducing guest trader Zach Karabell, aka "The Academic," the gang immediately dives into the main lesson learned after stocks soar to end the week (the highest close since June). The dollar also "exploded," with its biggest jump in 8 years against the euro. "Currencies typically do not move like that," says Dylan of the USD's 3.3% gain this week. The S&P 500 also had its best week since April, due in part to the commodities pullback -- it ended the day up 2.4%.

  • Dollar Soars Higher on Euro-Zone Worries Friday, 8 Aug 2008 | 5:15 PM ET
    Exchanging Dollars and Euros

    The dollar soared Friday in what analysts are calling a game-changing move as concerns about the deteriorating euro zone economy gripped investors and commodities sold off.

  • For the week ending Friday, August 8, 2008, the U.S. markets ended the week on a positive note, cheered by a retreat in commodity prices, a Fed’s decision to keep rates steady at 2%, better-than-expected results in pending home sales, and a stronger dollar.

  • Oil Closes at $115.20, Down 7.9% For Week Friday, 8 Aug 2008 | 3:01 PM ET

    Oil closed at $15.20, dropping to a three-month low Friday as the dollar surged and concerns about global economic growth weighed on demand expectations.

  • Oil Price Settles Near $120 on Pipeline Attack Thursday, 7 Aug 2008 | 4:03 PM ET

    Oil rose on Thursday on expectations a one million barrel per day pipeline that was attacked by Kurdish separatists in Turkey could remain shut for up to two weeks.

  • Dollar Index Hits 5-1/2 Month High after Home Data Thursday, 7 Aug 2008 | 12:01 PM ET

    The dollar index rose to a 5-1/2-month high Thursday after a surprise rise in the U.S. pending home sales index for June.

  • Comparing Global Interest Rates Thursday, 7 Aug 2008 | 9:28 AM ET

    With the economic slowdown weighing more on Europe, the ECB decided to hold its interest rates at a seven-year high of 4.25%.  Here are some world interest rates as a point of comparison.

  • Oil Price Settles Below $119 as Crude Stockpiles Rise Wednesday, 6 Aug 2008 | 4:20 PM ET

    U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.

  • Poll: What's More Important for the Euro-Zone Economy? Wednesday, 6 Aug 2008 | 12:37 PM ET

    The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?

  • Dollar Extends Gains vs Yen as Oil Drops Further Wednesday, 6 Aug 2008 | 11:53 AM ET

    The dollar extended gains and rose 1 percent versus the Japanese yen on Wednesday as crude prices declined further and U.S. stocks eased some of their losses.

  • Dollar Pares Gains Against Euro After Fed Decision Tuesday, 5 Aug 2008 | 3:41 PM ET

    The dollar trimmed gains against the euro and yen Tuesday after the Federal Reserve kept benchmark interest rates unchanged at 2 percent, as expected and said risks remain to U.S. economic growth.

  • Oil Settles Above $119 After Hitting 3-Month Low Tuesday, 5 Aug 2008 | 3:30 PM ET

    Oil prices sank as low as $118 a barrel Tuesday on the growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand for gasoline and other petroleum products.

  • Oil Settles Above $121 as OPEC Amps Up Output Monday, 4 Aug 2008 | 3:15 PM ET

    Oil briefly fell below $120 a barrel Monday before recovering slightly at the close, pressured by evidence of rising OPEC output in the midst of declining demand in the United States and Europe.

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