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Dollar tumbles, shrugs off Fed's emergency steps
Summary from multiple countries, from articles in English
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Oil prices jumped to an all-time trading high Monday in Asia as the tumbling U.S. dollar and plunging stock markets prompted investors to seek shelter in commodities. (article 3)
Investors fled the dollar after a surprise move by the U.S. Federal Reserve on Sunday to provide cash to financially squeezed Wall Street investment houses pushed the battered greenback deeper into multiyear lows against the yen. (article 3)
" The Fed's move overall will help the liquidity of the U.S. dollar, and that will really further soften the dollar said Victor Shum (article 3)
" Meanwhile, investors seem to be just following the mantra of buying oil and commodities to hedge against the falling dollar and inflation. (article 3)
" The recent oil prices have been swayed by the currency moves, including this latest rally to a record said Tony Nunan (article 2)
The dollar hit another record low against the euro against as the US currency was undermined by worries over the credit crisis and the US economy. (article 4)
The outlook for Japan's economy darkened further yesterday as the dollar slid past the Y100 mark for the first time in more than 12 years, adding to the litany of economic headaches facing Japan's government. (article 1)
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Other summaries about this story:
Other stories about Bear, Stearns and Fed:
Event tracking:
Story keywords
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Bear, Stearns, Fed, banks, Financial |
Source articles
- Dollar slide adds to Tokyo's woes (ft.com, 03/14/2008, 399 words)
- Oil hits record over $111 a barrel as dollar slumps (boston.com, 03/16/2008, 376 words)
- Oil Rises to New Record As Dollar Drops (seattletimes.nwsource.com, 03/16/2008, 540 words)
- Dollar slides to fresh euro low (BBC News, 03/14/2008, 257 words)
- Dollar tumbles, shrugs off Fed's emergency steps (boston.com, 03/16/2008, 630 words)
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blaster@cs.columbia.edu
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