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The Dollar dropped against Yen on Thursday, pushed by Wall Street's plunge as fears of a worldwide downturn that was much deeper than initially thought made investors shift in the safer assets. Meanwhile, Dollar and Yen rose against the Euro and oth
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After another brutal sell off during the US session, equities in Asia and Europe staged a U turn bounce on rumors that Citibank may be looking for a buyer. Citibank whose stock sank to $5 per share and whose board meets today is facing enormous pres
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With the S&P 500 down 48.8% this year it marks it so far as the second worst year on record, with the 1930 collapse standing as the largest decline. But there's still another 30% to go before the market falls by as much as it did during the worst of
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Nero may have fiddled while Rome burned, but US Treasury Secretary Paulson and Fed Chairman Bernanke might as well be on their way to Disneyland in some phantasmagorical celebration of having successfully stabilized the financial system. That is wha
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The fifteen nation currency managed to climb higher against the US dollar as investors' tended to buy back the high yielding assets; the euro reached a high of 1.2637 levels after it breach 1.2567 trend line but it did not have enough momentum to cl
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Overall, the majors managed to reverse recent trends overnight, at least for the moment, and the Dollar is giving back gains seen over the past 2 days. The one exception is the yen, where the dollar is strengthening against the Japanese currency as
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