Filed under: International markets , Forecasts , Recession , Financial Crisis Twenty five trillion dollars in global market capitalization wiped out. At least $500 billion -- and most likely in excess of $1 trillion added to the United States' national debt. The Fed has loaned money to corporations, added massive liquidity to banks, cut interest, and the U.S. Treasury may invest directly in private banks, if it doesn't nationalize them. And the currency of the nation primarily responsible for the global financial crisis -- the dollar -- how has it fared? The dollar has been firm, for the most part, even rising against the euro and British pound . However, the dollar has fallen against Japan's yen . As of Friday at 2:35 p.m. EDT, the dollar had risen 2 cents versus the euro to $1.3382 and 1.5 cents versus the pound to $1.6947, but had fallen one-half yen to 99.33. Continue reading Despite stock rout and more U.S. debt, dollar is firm (so far), except vs yen Permalink | Email this | Comments ...
Anytime
