TOKYO/ SINGAPORE, July 29- The dollar eased versus the yen on Wednesday but held above a recent two-week low as investors awaited hints from the U.S. Ahead of the Fed's policy statement due at 1800 GMT, trading could be swayed by month-end related flows, with Wednesday being the last trading day for settlement before the month end, traders said.» Read More
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, suggesting that the year-long recession was deepening.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
Oil was steady Thursday after a surprising increase in inventories unleashed a brutal 12 percent selloff on Wednesday. Despite OPEC's massive supply cuts to help boost the price, experts tell CNBC the commodity’s price is likely to fall further.
Japan stepped up its warnings against the yen's rise to a 13-year high against the U.S. dollar, saying it would deal appropriately with the situation which may include forex intervention.
The euro rallied versus the US dollar on Tuesday following the Federal Reserve decision to set its target for overnight interest rates between zero to 0.25%.
Gold has reached a good base of $730 and it looks likely to break out of that negative trend, Robin Griffiths, technical analyst at Cazenove Capital, told CNBC.
Japanese Prime Minister Taro Aso on Friday announced a new stimulus package to shore up his country's economy, with measures to spur employment, encourage lending and inject capital into financial markets.
The US dollar fell across the board Thursday on lower risk aversion among investors, helped in part by the latest monetary actions by central banks from around the world.
As President-elect Barack Obama prepares to take office, the severity of the economic slowdown is pressuring the incoming administration to fuel infrastructure spending as a way to propel the economy. Here are some of the stocks winning from the anticipated stimulus.
The European Central Bank, Bank of England, and Sweden’s Ricksbank slashed their interest rates today in an effort to bolster access to credit while luring consumer spending.
Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.
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?
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.
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.
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 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.
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.
The dollar trimmed gains against the euro Wednesday after data showed the U.S. services sector shrank more than expected in October.
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.
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.