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Yen, Dollar Post 2008 Gain Versus Euro in Flight to Safety

Dec. 31 — The yen and the dollar posted annual gains versus the euro as the first simultaneous recessions in the U.S., Europe and Japan since World War II encouraged investors to take refuge in the currencies.
The dollar fell the most against the yen in more than two decades in 2008 on speculation the Federal [...]

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Dollar’s Share of Central Bank Reserves Climbs as Euro’s Falls

Dec. 31 — The dollar’s share of foreign exchange reserves climbed in the third quarter as the currency rebounded and central banks sought the safety of the world’s leading reserve currency, data from the International Monetary Fund showed.

The dollar accounted for 64.6 percent of the reserves held by governments and central banks at the end [...]

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