The euro stayed well-bid on Tuesday, scaling a fresh five-year high on the yen and a six-week peak against the dollar as expectations for further stimulus from the European Central Bank continued to fade.» Read More
ConocoPhillips has shut down its 238,000 barrel-per-day Bayway refinery New Jersey, as a precaution ahead of Hurricane Irene. The company also says its terminals are shutting down until it is safe to resume operations.
Gasoline futures declined Friday but rose nearly 3 percent for the week amid hurricane fears.
The Swiss Franc has become the "new gold" as investors turn to money markets in an environment governed by fear, Jon Cox, Head of Swiss Research at Kepler Capital Markets told CNBC.1st paragraph of story should go here
The economy is increasingly at risk of falling into recession, and could be more so if the stock market doesn't find its sea legs sometime soon.
Markets are caught up in the push pull of worry about Europe's debt crisis and sluggish U.S. growth.
"For the Swiss franc to look like an attractive funding currency again when it is in competition with so many other currencies at the moment we would need to see....direct intervention on the part of the Swiss National Bank," Adam Cole, head of currency strategy, RBC. He added that he did not expect much in the way of dovish comments from Fed chairman Ben Bernanke when he speaks on Friday.
Investors will be watching the Fed as it meets at its annual Jackson Hole gathering this week for signs of new stimulus plans as the economic outlook gets worse.
A look at a currency trade on the Norwegian krone Rebecca Patterson put on a month ago, with CNBC's Melissa Lee and the Money In Motion traders.
Investors are looking for any safe haven in a storm — it's time for your FX Fix.
Thursday's slump in markets globally will continue in coming months as the fundamental problems facing the global economy continue, analysts told CNBC Friday.
The euro zone is stressing and central bankers are talking - it's time for your FX Fix.
Despite demand for gold falling to 17 percent in the second quarter compared to the same period in 2010, the World Gold Council says that full-year demand will increase because of a rush to safe haven assets as market volatility has ramped up.
The debate over whether a tax should be imposed on financial transactions continued Thursday morning as markets around Europe sank again.
Singapore dollars get snapped up and European officials underwhelm - it's time for your FX Fix.
If you think London or New York are among the world's most expensive cities, keep guessing and get your checkbooks out (that is if you are travelling to one of the cities that take the top spot).
As the Swiss National Bank (SNB) gets ready to meet on Wednesday, a number of analysts say the central bank has few choices to try and stem the franc's recent rise.
Now that Europe's one-day summit is out of the way, the market focus may shift back to the U.S. economy and what is bothering stocks.
The latest proposed fixes for the euro crisis disappointed markets and sent bank stocks tumbling. They "plan to support the banking system but they are going to charge them for it," a trader said.
The Swiss franc is sliding on worries it will be pegged to the euro. But whether a peg is really feasible is unclear.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.