NEW YORK, May 29- The dollar slumped broadly on Wednesday as U.S. The dollar fell especially hard against Japan's yen and the Swiss franc, which are seen as safe havens which usually gain when higher-risk assets like equities fall. Treasury yields, "said Boris Schlossberg, managing director of FX Strategy at BK Asset Management in New York.
*Dollar falls 1 percent versus yen, Swiss franc. NEW YORK, May 29- The U.S. dollar slumped broadly on Wednesday as U.S. Treasury yields, "said Boris Schlossberg, managing director of FX Strategy at BK Asset Management in New York.
LONDON, May 28- The yen and the Swiss franc slipped on Tuesday as riskier assets like equities benefitted from policymakers in the euro zone reaffirming their expansive monetary policy stance. Strategists also said markets were positioned for further Bank of Japan stimulus measures, which would continue to drag the yen lower.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.