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Entries for the ‘News’ Category

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 Rises to Three-Week High Against Euro on U.S. Stimulus

Jan. 5 — The dollar rose to a three-week high against the euro and advanced versus the yen on speculation President-elect Barack Obama’s fiscal stimulus will help the U.S. economy recover from recession.
The greenback also gained versus the Swiss franc and the Danish krone as a transition official said Obama’s package will include hundreds [...]

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