The dollar weakened against the euro Monday, but held firm against other major currencies, as concerns about Greece's fiscal health eased slightly.
The dollar has fallen for much of this decade, and lately the decline is picking up speed. Already down more than 15% against the euro since March, the buck is expected to sink another 10% by the first quarter. Usually, when a once-strong asset falls this
Here's the latest twist on the timeless chicken versus the egg debate. Which came first: the stock and commodities rally or the weaker dollar?
Oil slipped nearly 1% to below $77 on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand.
The euro broke through $1.50 against the dollar for the first time in 14 months Wednesday as a recovering stock market further sapped the U.S. currency's appeal as a safe-haven.
Reuters - Asian shares fell on Thursday after a surprise drop in manufacturing in the U.S. heartland cast doubts on the strength of a global recovery, while the dollar was on the back foot against higher-yielding currencies.
Police say a multi-million dollar collection from painter Andy Warhol art has been stolen in Los Angeles.
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