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Dollar rises above 100 yen for 1st time in 4 years

The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves.


GOP's gold standard idea comes up short


Tapping a popular idea to restore confidence in the dollar, the Republican Party is expected to call for a commission to look at the idea of returning the U.S. to the gold standard. To make that happen, they're going to have to find a lot more gold.


Central Banks Buy Gold

South Korea's move to buy gold for the first time in 13 years is the latest in a growing trend of central banks diversifying their reserves and reducing dependence on the U.S. dollar.


China official warns on "excessive" holdings of U.S. assets

China should guard against risks from "excessive" holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior official at the State Administration of Foreign Exchange said in comments published on Tuesday.


Gasoline Prices: $6 Gas? Could Happen if Dollar Keeps Getting Weaker

A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.


Yen Intervention Paying Off

The yen's fall to its lowest level against the dollar and the euro in months is the latest sign that a coordinated post-earthquake intervention is working.


Stocks extend gains as China eases currency policy

Stocks extend gains as China eases currency policy

Stocks extended their winning streak Monday after China said it would allow its currency to appreciate against the dollar, a move that could provide a boost for U.S. manufacturers and exporters ...


Currency Regime Change In Beijing: What It Means

Currency Regime Change In Beijing: What It Means

The announcement, which you can read in English here, means the end of nearly two years of fixing the Chinese currency to the U.S. dollar, a move that most economists, including many in China, believe is on balance good for both the world and China in the long run. It will make China the most popular attendee at next week's meeting of the G-20 nations in Canada, and it will please traders who have been betting China will allow the yuan to appreciate.


Euro plummets to new dollar low

The euro plummets against the US dollar, falling below $1.22 for the first time since April 2006.

Senh: Time to head out to Europe for vacation.


Dubai debt fears hit world markets hard

Dubai debt fears hit world markets hard

World stock markets fell sharply Thursday as investors fretted over the debt problems at Dubai World, a government investment company, and the continued fall in the dollar.


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