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  • For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged.  Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.

  • Dollar Falls as US Jobless Rate Jumps Higher Friday, 6 Jun 2008 | 3:13 PM ET
    Dollar and Euro

    The dollar dropped across the board Friday, after data showed the U.S. economy lost jobs for a fifth straight month and the unemployment rate shot up to its highest in more than 3-1/2 years.

  • Dollar Drops Vs. Euro as Trichet Signals Rate Hike  Thursday, 5 Jun 2008 | 2:47 PM ET

    The euro rebounded from three-week lows against the dollar Thursday after European Central Bank President Jean-Claude Trichet said euro-zone interest rates could rise as early as next month.

  • Dollar Mixed as Downturn Fears Ease Wednesday, 4 Jun 2008 | 4:05 PM ET

    The dollar was mixed Wednesday as a report on the U.S. service sector indicated a less severe downturn and retail sales in Europe dipped unexpectedly.

  • Dollar Rises on Bernanke's Warning, Factory Growth Tuesday, 3 Jun 2008 | 3:17 PM ET

    The dollar advanced broadly on Tuesday after Federal Reserve Chairman Ben Bernanke warned about the inflationary impact of a weak currency, suggesting the central bank is not likely to cut interest rates further this year.

  • Dollar Falls vs. Yen on S&P Downgrade of Banks Monday, 2 Jun 2008 | 2:55 PM ET

    The dollar fell against the yen and gave up much of its gains versus the euro Monday after rating agency Standard & Poor's downgraded U.S. financial sector firms.

  • For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.

  • Dollar Falls Against Euro After Posting Strong Gains Friday, 30 May 2008 | 11:52 AM ET

    The dollar fell to session lows versus the euro and traded flat against the yen as investors took profits ahead of the weekend after recent strong gains in the U.S. currency, traders said.

  • Dollar Gains Broadly as Markets Rally, Oil Falls Thursday, 29 May 2008 | 1:42 PM ET
    Dollar and Euro

    The U.S. dollar extended its gains and traded at session highs against the yen and the euro on Thursday, as U.S. stocks added to gains with oil prices pulling back from recent highs.

  • Dollar Rises Broadly After Durable Goods Data Wednesday, 28 May 2008 | 12:31 PM ET
    Dollars and Euro

    The dollar rose broadly after a report showed new orders for U.S. durable goods fell by less than expected in April, supporting the view the Federal Reserve may keep interest rates on hold or even raise them by the end of the year.

  • Dollar Gains Broadly on Housing Data, Oil Drop Tuesday, 27 May 2008 | 4:49 PM ET

    The dollar rose broadly Tuesday after oil prices fell and a report showed an unexpected rise in U.S. new home sales in April, boosting expectations the economic slowdown is not as bad as feared.

  • Dollar Ekes Out Gains in Ultra-Thin Holiday Trade Sunday, 25 May 2008 | 9:07 PM ET

    The dollar held its ground on Monday, taking advantage of the ultra-thin volumes owing to U.S. and UK market holidays to arrest its decline of the last three weeks and eke out slender gains against a basket of major currencies.

  • Over 11 billion stock shares were traded during the second week of the contest, and the most active currency pair, the euro/dollar, traded almost 16B units.  Check out the week's winning trades...

  • For the week ending Friday, May 23, 2008, the U.S. Equity Markets ended the week down with all of the major indices off by more than 3% on continued concerns about high energy costs.  Oil and gasoline continued to hit new record highs and the dollar declined against major currencies.

  • Dollar Heads for Steepest Weekly Fall in 2 Months Friday, 23 May 2008 | 12:21 PM ET
    Exchanging Dollars and Euros

    The dollar fell on Friday and was set for its steepest weekly slide against a basket of major currencies in two months, as record high oil prices left the U.S. economy vulnerable to slower growth and rising inflation.

  • Asian Currencies Weaken on Inflation, Growth Concerns Friday, 23 May 2008 | 12:51 AM ET

    Most Asian currencies fell moderately on Friday, surrendering part of their gains from the previous session as investors fretted about the strength of inflation and prospects for slower economic growth.

  • Dollar Rises, Boosted by Oil's Pullback, Jobs Data Thursday, 22 May 2008 | 4:10 PM ET

    The dollar rose Thursday, boosted by better-then-expected jobless claims data, but support remained fragile as record high oil prices stoked worries about the health of the U.S. economy.

  • Dollar Drops vs. Euro, Yen as Growth Outlook Cut Wednesday, 21 May 2008 | 2:50 PM ET

    The dollar fell to a one-month low against the euro Wednesday and touched a one-week trough versus the yen after the Federal Reserve lowered its growth estimates for 2008.

  • Dollar Dips as Rate Outlook Lifts Euro Tuesday, 20 May 2008 | 9:41 AM ET

    The dollar fell Tuesday as U.S. inflation data added to concerns about the economy's strength and raised doubt about whether the Federal Reserve will be able to hike interest rates this year.

  • Dollar Rises as Markets Shift Focus to Inflation Monday, 19 May 2008 | 4:12 PM ET

    The dollar rose on Monday, rebounding from a 2-1/2 week low against the euro as equities rallied and an economic forecasting gauge showed the U.S. economy, while weak, has so far managed to avoid recession.