|
|
Dollar tumbles, shrugs off Fed's emergency steps
Comparison of two summaries:
|
Information unique to its summary
|
Information unique to summary from multiple countries, from articles in English
|
Information unique to summary from the United Kingdom, from articles in English
|
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)
|
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 1)
Investors are concerned that US authorities will not be able to halt the crisis in the US mortgage market, which is hitting banking confidence. (article 1)
The dollar recovered slightly against the pound sterling on Friday, with $2.0268 needed to buy one pound after nearly touching $2.04 on Thursday. (article 1)
" The dollar is still very much in a downtrend and it's hard to see a catalyst for the reversal of that said Jeremy Stretch (article 1)
" The data has been universally negative for the dollar and until this changes, any rallies are going to be tentative he added. (article 1)
Rate cuts? A report on Thursday that showed a fall in US retail sales for February also upset the market. (article 1)
Economists say it is likely the US economy will fall into recession and that the Federal Reserve will have to keep cutting interest rates. (article 1)
The next US interest rate meeting is next week and markets are expecting that the benchmark rate will be cut by 0.75% to 2.25%. (article 1)
|
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)
|
Source articles
- Dollar slides to fresh euro low (BBC News, 03/14/2008, 257 words)
|
Other stories about Bear, Stearns and Fed:
Story keywords
|
Bear, Stearns, Fed, banks, Financial |
|
blaster@cs.columbia.edu
|
