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Entries for April, 2009

Yen Rises on Concern U.S. Stress Tests May Show Crisis Not Over

April 22 — The yen rose against all 16 of the most-active currencies on speculation stress tests on the largest U.S. banks will show additional loan losses, boosting demand for the yen as a refuge from the global financial crisis.
Japan’s currency also advanced after a government report showed a slump in the nation’s exports slowed [...]

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Dollar Gains on Optimism Worst of U.S. Economic Crisis Is Over

April 10 — The dollar rose against the euro, heading for the biggest weekly gain in three months, on speculation the worst of the financial crisis is over in the world’s largest economy.

The Dollar Index was set for its largest weekly advance since November after Wells Fargo & Co.’s profit beat estimates, triggering the [...]

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