The yen was stronger in relation to several currencies Friday as investors backed away from risky currency trades on the inability of US legislators to reach an agreement on a bailout plan for the US financial sector and on the failure of US savings and loan Washington Mutual (NYSE: WM).
Washington Mutual was taken over by […]

The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August.
In morning trade in New York, the pound […]

The US dollar gained on the euro on Tuesday in late morning trade in New York as investors decided that Monday’s 2.1 percent decline for the greenback against the shared currency was too big to hold.
The dollar’s fall Monday came on concerns that the US plan to spend up to $700 billion buying bad debts […]

The Japanese yen was weaker Wednesday versus the euro and the dollar after investor interest in risky currency trades returned on a move by the US Federal Reserve to make more cash available to some central banks in order to stimulate lending and after Berkshire Hathaway (NYSE: BRK.A, BRK.B), Warren Buffett’s holding company, said […]

The US dollar was weaker Monday on fears that the government’s plan to buy $700 in bad debt from banks will increase the nation’s already-soaring deficit.
Some forecasts have the debt ceiling reaching as high as $11.315 trillon due to the plan.
The greenback was also hurt by predictions that new data due later in the […]

Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets.
Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […]

The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks.
Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […]

The US dollar was weaker versus the yen and the euro Wednesday as investors continued to worry about credit markets despite a bailout for American International Group (NYSE: AIG) which has the Federal Reserve loaning the US insurer $85 billion and taking nearly 80 percent of the company’s shares in return.
The greenback was also […]