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Japanese Yen

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  • Yen Glows Amid Global Downturn Tuesday, 2 Dec 2008 | 3:33 AM ET

    The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

  • Charts Predict: Yen to Slip by End-Week Tuesday, 25 Nov 2008 | 7:46 AM ET

    The yen is set to slip versus the dollar and euro throughout the week as the recent upswing in stock-market sentiment eases investors' fear, Max Knudsen, director of PIA - First.com, told CNBC.

  • Dollar Edges Higher on Global Economic Worries Tuesday, 11 Nov 2008 | 3:21 PM ET
    Dollar and Euro

    The U.S. dollar rallied to a two-week high against a basket of currencies Tuesday as worries about a deteriorating global economy prompted investors to shun riskier assets and flock to the safety of the greenback.

  • US Dollar Falls vs. Euro After China Stimulus Plan Monday, 10 Nov 2008 | 2:02 PM ET

    The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.

  • Australia's RBA Cuts Economic Growth Forecasts Sunday, 9 Nov 2008 | 7:52 PM ET

    Australia's central bank lowered its forecasts for economic growth  for the next two years, saying it would be reviewing interest rates in the months ahead with the aim of  avoiding an even sharper slowdown in domestic demand.

  • Global Interest Rates Drop, US Dollar Rises Thursday, 6 Nov 2008 | 12:28 PM ET

    Following rate cuts from the Fed, China and Japan last week, the Bank of England and European Central Bank slashed their key interest rates today.   Central Banks from around the world are modifying their monetary policies in a coordinated effort to contain the impact of the global financial crisis. 

  • Dollar Trims Gains vs Euro After US Services ISM Wednesday, 5 Nov 2008 | 10:23 AM ET

    The dollar trimmed gains against the euro Wednesday after data showed the U.S. services sector shrank more than expected in October.

  • Dollar Falls Ahead of Rate Decisions, US Election Tuesday, 4 Nov 2008 | 9:40 AM ET
    Dollars and Euro

    The dollar fell against most major currencies Tuesday as investors await the result of the U.S. Presidential election and look toward central bank meetings later in the week.

  • World Recession Gloom Builds, Australia Cuts Rates Tuesday, 4 Nov 2008 | 12:57 AM ET
    Global Markets

    Australia slashed interest rates Tuesday, presaging cuts expected in Europe later this week in the face of mounting evidence that the global financial crisis has already pushed much of the world into a damaging recession.

  • Australia Surprises with 75 Basis Point Rate Cut Monday, 3 Nov 2008 | 11:31 PM ET

    Australia's central bank cut its benchmark cash rate by a bigger-than-expected 75 basis points on Tuesday, in an increasingly urgent effort to save the economy from the recession rapidly engulfing much of the developed world.

  • Reserve Bank of Australia's Statement on Rates Monday, 3 Nov 2008 | 10:49 PM ET

    The follwing is the text of the Reserve Bank of Australia's statement after it cut interest rates at its monthly policy meeting on Tuesday.

  • Pros Say: Credit Cards May Be a Problem Friday, 31 Oct 2008 | 8:28 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    This October could be the worst month ever for global markets. But with the month coming to an end and investors still fearful of a deep, prolonged recession, what will be the other shoe to drop? CNBC's experts weigh in.

  • What the Pros Say: This Rally Won't Last Thursday, 30 Oct 2008 | 9:27 AM ET

    Asian markets traded higher Thursday, with the Nikkei 225 Average closing almost 10 percent higher. CNBC's experts believe the index can keep climbing, while the rally in Western markets may be shortlived.

  • What the Pros Say: Handle Rally with Care Wednesday, 29 Oct 2008 | 9:04 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Stock markets have been boosted by rallies but investors should trade with care, experts recommend.

  • Pros Say: Deflation, Global Weakness Until 2010 Tuesday, 28 Oct 2008 | 8:12 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    Markets may be up Tuesday, but the economic outlook remains grim. CNBC's experts share their views on where the economy is headed and how long it will take to recover.

  • What the Pros Say: Yen is King Monday, 27 Oct 2008 | 9:09 AM ET
    WALL STREET IN CRISIS - A CNBC SPECIAL REPORT

    The yen continued to gain Monday even after the Group of Seven warned the Japanese currency posed a threat to financial and economic stability. CNBC's experts weigh in on whether now is the time to buy the currency.

  • Strong Dollar; International Tailspin Wednesday, 22 Oct 2008 | 6:37 PM ET

    The strong dollar has left some international firms in a tailspin, rather unexpectedly.

  • We Are Facing an 'Inflation Holocaust': Jim Rogers Friday, 10 Oct 2008 | 7:26 AM ET
    CNBC Special Report: Bank Crisis Strikes Europe

    Markets do not trust the governments' plans to keep struggling banks alive and investors will only calm down when the companies with bad assets are allowed to go bankrupt, legendary investor Jim Rogers, CEO of Rogers Holdings, told CNBC on Friday.

  • For the week ending Friday, October 3, 2008,  the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.

  • For the week ending Friday, September 26, 2008,  the major U.S. Indices tumbled for the week as uncertainty lingered over the Congressional $700B bailout package.  We also witnessed a historic bank failure, unsatisfying housing data, a continued rise in jobless claims, and a record one-day gain in the price of crude.  The S&P 500 and NASDAQ Composite shed more than 3% for the week. The NASDAQ had the worst weekly performance amongst the three major indices, losing 3.98%, followed by S&P 500 which lost 3.3%, marking their biggest weekly drops since the start of Sept. for the NASDAQ & since mid May for the S&P.