NEW YORK, Dec 6- The dollar rallied against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected. U.S. employers added 203,000 new jobs in November, exceeding expectations, and the jobless rate fell to a five-year low of 7.0 percent, the Labor Department said.» Read More
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The U.S. dollar rose against the yenFriday after the key U.S. nonfarm payrolls report came in not as bad as many had feared, bolstering investors' appetite for riskier assets.
The US dollar will remain the world's reserve currency for a while and it is probable that the world economy will start growing next year, with China, Brazil and India among the first to bounce back, billionaire investor and currencies expert George Soros told CNBC.
As leaders from the most power nations from around the world meet at the G20 summit to discuss coordinated measures to contain the global slowdown, many policy makers continue to modify their fiscal policies.
The yen/dollar currency pair developed a significant change in trend in February, bouncing away from spike lows near 87. Is this a flash in the wok or part of a longer term sustainable trend?
Global stocks were mixed on Wednesday as the enthusiasm over the U.S. Treasury's plan to rid banks of up to $1 trillion in toxic assets was tempered by investors' second thoughts over how successful it could be.
Global stocks soared again Tuesday after investors cheered the U.S. Treasury's plan to free banks of up to $1 trillion in toxic debt, part of an array of measures designed to jumpstart lending and the economy. Experts tell CNBC the U.S. economy may be close to a bottom.
Global stocks were up Monday as anticipation of the details of US Treasury Secretary Timothy Geithner's plans to buy up toxic assets boosted investor sentiment. But experts are concerned that the methods the US is using are not going to help the economy.
Welcome to the world of the fluctuating U.S. dollar. After gathering considerable strength against the euro for many months, the greenback reversed course last week with the most dramatic valuation swing in years.
Global stocks dropped Friday on concerns about the inflationary effects of the Federal Reserve's plan to buy government debt. Experts on CNBC weigh in on what needs to happen for economies worldwide to recover.
Global stocks traded higher, as did the dollar against the euro, Thursday after the Federal Reserve's surprise announcement it would buy $300 billion in US Treasurys in order to help the ailing economy.
After the IMF forecast the UK economy will be one of the last major economies to come out of a recession in 2011, experts interviewed by CNBC were torn on which country would lead the economic recovery.
Global stocks snapped their winning streak Tuesday on worries over the U.S. economy deteriorating further as American Express said its credit card default rates soared last month, hammering home the heavy toll the financial crisis has had on the consumer.
Global stocks rose again Monday, for the fifth consecutive session, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper stocks.
Friday the 13th appeared lucky for global stocks as they traded in the green for a fourth consecutive day, boosted by reassuring news out of the financial sector that both Citigroup and Bank of America are well capitalized. Experts tell CNBC that the current rally may last a little longer.
Economic gloom returned to the markets Thursday with warnings about further declines in demand and production hitting stocks and boosting bonds. Experts tell CNBC that the US economy will remain weak while China, despite grim data, is also showing some signs of stabilization.
Global stocks rose Tuesday on optimism over the global economy as top U.S. officials on Monday urged other countries to step up spending to combat recession. But experts interviewed on CNBC see this rally as fragile and short-lived.
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.
Global stocks were mixed Friday, while the dollar fell, rolling back from 3-year highs as demand for euro zone government debt rose ahead of the US February jobs report. Experts tell CNBC that quantitative easing will help get the global economy back on track.