The dollar held onto its strong gains from the previous week in quiet dealing Monday morning in New York, supported by lingering concerns about the global economy and slumping stocks. With no significant economic reports to be released on Monday, there is little to soothe jitters brought on by debt problems and in Europe and
Friday morning in Asia, the yen weakened slightly against its major counterparts after surging up yesterday on growing concerns over the global economy. The unexpected rise in U.S. jobless benefit claims and growing fears about the sovereign debt crisis in Greece and other parts of Europe pushed the yen up sharply yesterday. Most Asian stocks
The US dollar spiked higher against its major rivals in early Asian trading on Friday and touched new multi-month highs against the European majors. With the dollar on the rise, stocks tumbled around the world, intensifying risk aversion and interest in the world’s reserve currency. The greenback touched 1.3671 against the euro around 8:05 pm
The British currency plummeted against major currencies after the report of Bank of England’s interest rate decision in New York morning deals on Thursday. Today, the Monetary Policy Committee of the Bank of England, led by Governor Mervyn King, decided to retain the key interest rate at a historic low of 0.5%. The decision came
The European common currency plunged further against major opponents following the announcement of European Central Bank’s interest rate decision in early New York morning trading on Thursday. The European Central Bank today kept its key interest rate unchanged at a record low for the ninth consecutive month to support the economy that is recovering from
