dollar

The Financial Landscape: Dollar Losing Favor, Economy Losing Steam

The long term isn't looking good for the greenback: Central bank managers don't see it keeping its status as the world's reserve currency. The short term's not looking so hot for the U.S. economy either: Housing prices are down another 4% year over year, and confidence is falling.

How the Debt Ceiling Issue Will Hit Us in the Wallet

Even the phrase "debt ceiling" sounds like something too far removed from daily life to be of much interest. But ignoring the political battle over this issue would be a mistake: How the government handles the nation's debt limit will directly affect our personal finances in all sorts of important ways.

Gold-Backed U.S. Currency? Yes, But 'U' Stands for Utah

Earlier this year, the Utah state legislature passed a law making gold and silver coins legal tender. Now, a Salt Lake City-area numismatist hopes to set up a depository system that will allow Utahans to use gold and silver to pay for anything they want.

Stocks Fall as European Financial Crisis Deepens

Signs that Europe's debt troubles are larger than previously thought upended financial markets Friday, sending the dollar up nearly 1% and erasing the week's stock gains. Fears of a deepening financial crisis overshadowed reports that consumers are feeling more confident in the U.S. economy and that inflation remains in check.

Bin Laden's Death Lifts Dollar, U.S. Stock Futures

The dollar and U.S. stock futures rose following President Barack Obama's announcement late Sunday night that Osama Bin Laden had been killed. Analysts said the boost to the currency was a signal of greater confidence in the United States and a reduction in national security risks.

This 'Fear Trade' Could Bring You 87% Gains

Fear is in the air on Wall Street. Unemployment is high, housing sales are sluggish and the dollar is weak. Now, to add insult to injury, Standard & Poor's has lowered its U.S. debt outlook to negative, putting the nation's AAA credit rating at risk. Fortunately, smart traders can benefit from these worries.

Is Now the Time to Sell Your Gold?

With gold prices recently hitting the $1,500 mark, consumers and businesses are looking for an opportunity to score. "We see everything from rings, teeth, jewelry, pins and lighters," one gold buyer said. "Everyone has a little gold somewhere." Should you join in? Check out these five tips.

Three Reasons to Still Own Gold (or Finally Buy Some)

Gold has had a magnificent run during the past 10 years, doubling in value since 2008 alone, and gold mania is seemingly still at full strength. But is profit taking the next move? What if you are among the majority of investors who have yet to dip a toe into the water? Is it safe to dive in?

The Bulls Are Optimistic Despite Global Turmoil

Despite turmoil around the world, U.S. markets have been rising again, but is this a temporary bump, or the return of a bull market? The sharp-eyed analysts of Morgan Stanley and Goldman Sachs say its the latter, and their money is on strong growth ahead.

Stocks Recover as Yen Retreats From Record Highs

A resilient performance by Japanese shares helped stocks in Europe and the U.S. Thursday, while the yen pulled back from a record high against the dollar amid expectations that finance chiefs from the world's industrialized nations will discuss how to ease the currency's rise.

Why the Dollar Is Stuck at Three-Month Lows

One would think that with the Mideast crisis East, oil prices skyrocketing and U.S. manufacturing rebounding smartly, the buck would be flying high. But no. Why that's so may lie in international perceptions about where interest rates are heading.

Bucking a Trend: Why the Dollar Could Rally in 2011

Despite all the headwinds blowing against it -- and they're fierce -- the U.S. dollar has been holding its own against the world's major currencies. And if the U.S. recovery remains on track, the greenback has good odds of actually strengthening in 2011.

Why the Dollar Is Tanking as Cairo Burns

When a world crisis erupts, such as the current fighting in Egypt, investors usually flee to safety. Historically, that has meant piling into the U.S. dollar. But a funny thing happened when protesters took to the streets of Cairo. For the reason why, look to Europe.

Gold, Stocks and the Dollar: The Rise and Fall of a Correlation

For the past two years, the relationship between the dollar, stocks and gold was strong. When the dollar dropped, stocks and gold rose, and vice versa, nearly all the time. But since New Year's Day, that link has completely vanished, which is terrible news for the gold bugs.

Currency Wars: How Ben Bernanke Outsmarted China

After years of exhorting China to increase the value of its yuan, the currency is finally rising: It has appreciated some 3.5% since June while China battles inflation and works to cool its red-hot economy. Here's how the Fed managed to succeed where political wrangling fell short.

Will the Economic Recovery Slide on $90 Oil?

Oil prices, up more than 25% since August, are testing the $90 per barrel level and appear to be headed higher -- into what the International Energy Agency calls 'a dangerous zone' for the global economy.

Currency Wars Are Heating Up Across Latin America

Emerging market countries, especially those in Latin America, are gearing up for a potentially damaging round of currency interventions to help keep their economies competitive. "This is a currency war that is turning into a trade war," says Brazilian Finance Minister Guido Mantega.

If These Big Names Are Right, Brace for Rising Rates

When pros like Warren Buffett and Goldman Sachs start making moves predicated on the expectation of higher rates, investors best take note. And if those smart-money bets are based on a strengthening U.S. economy, the impact on markets could be widespread.

A Rising Dollar and Cooling China Will Pop the Commodities Bubble

The dollar is looking mighty attractive, thanks to a reviving U.S. economy and eurozone woes, and it will only get stronger as traders who gambled that it would fall buy dollars to unwind their bad bets. Add in China's desperate need to get its overheated economy in check, and commodities prices look like they have nowhere to go but down.

What Ron Paul Wants: A Quartet of U.S. Currencies

According to two Paul supporters, the Texas Republican isn't ready to go directly back to the gold standard. Instead, he wants to keep the dollar and add three more currencies. Those would be based on gold, silver and copper.

Sweden's Central Bank Is Fighting the Next Bubble

While most of the world's central banks are still fighting the last war, Sweden's Riksbank has moved on to the next one. Rather than looking at conventional inflation gauges, the world's oldest central bank is basing its actions on asset-price growth in an effort to prevent the next bubble.

Investors May Need Better Reasons to Buy Stocks

Given all that transpired globally over the Thanksgiving weekend, the idea of holding risky assets like stocks should give investors heartburn. A good Black Friday weekend and strong holiday selling season will draw traders' gazes, but that's no sure shot.

Stocks Edge Higher to Eke Out Weekly Gains

Stocks closed slightly higher Friday after fluctuating most of the session as some better-than-expected quarterly earnings helped offset anxiety over China's move overnight to curb inflation. Ireland made progress on a possible aid package with the European Union, but like the equity markets, the dollar, gold and oil were little changed by day's end.

Dow Dives 178 Points on Fears China May Hike Rates

The Dow tumbled Tuesday 178 points, or 1.6%, to close at 11,024 as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.

Ireland in Crisis Talks With EU Over Bailout

Ireland headed into a confrontation Tuesday with leaders of the European Union and other struggling members of the eurozone on whether to seek a financial bailout as jitters continued to disrupt the continent's financial markets.

U.S. Manufacturing Output Rises 0.5%, the Most Since July

The nation%u2019s manufacturing recovery accelerated in October as factory output jumped 0.5%, the Federal Reserve said. Overall industrial output was flat in the month, but the typical autumn plunge in utilities output skewed the top-line stat lower.