Economy, Dollar | featured news

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.

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.

The yen’s strength prompted fresh concerns among Japan’s export giants, and could delay its move out of the deepest recession in decades.

Bernanke said the U.S. economy will continue to grow in 2010 and the underlying strength of the world's largest economy will help ensure the dollar stays firm.

A lower dollar appears to be boosting the U.S. economy only gradually, with higher prices on imported oil helping outweigh the benefit of cheaper American exports....

Gold futures barrel to a new record high above $1,100 an ounce, as news that the U.S. unemployment rate topped 10.2% in October boost expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar.

It's making imports and trips to Europe more expensive, but it's also making American products and visits to the U.S. cheaper for foreigners. It might just be the tonic the economy needs.

The falling dollar is stoking fears of inflation and worries about the country's eroding power in the world. But for now it may be just the tonic that's needed to help the U.S.

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start seeking a new global reserve currency as an alternative to the dollar, officials said on Tuesday.