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NEW YORK (Reuters) - The euro and sterling fell against the dollar on Thursday after aggressive cuts in benchmark interest rates by the European Central Bank and the Bank of England with expectations of more to come.
The dollar rose against the European currencies, but fell against the yen Thursday after big interest-rate cuts by the European Central Bank and Bank of England. Though lower interest rates can jump-start an economy, they often...
Updated Thu. Dec. 4 2008 9:22 AM ET The Canadian Press TORONTO -- Political uncertainty and an ongoing slide in commodity prices hang over Canada's financial markets today, and Wall Street index futures point to a negative...
Jobs Cuts Weigh Ahead of Payrolls Report Stocks traded in a narrow range as bellwether companies announced job cuts and investors awaited what is likely to be a dire reading of employment in the broader U.S. economy. Markets...
Interest rates on three-month dollar loans between banks fell for the third day running Thursday, while the equivalent European rates also fell ahead of the rate cuts from the European Central Bank and the Bank of England.
