Wanfeng Zhou

Dollar, yen rise as global economic fears deepen

By Wanfeng Zhou NEW YORK (Reuters) - The U.S. dollar and the yen rose on Monday, benefiting from safe-haven flows after weak economic data heightened fears about a deep economic slowdown around the world. "The yen remains...

Euro falls 3 percent against yen as US stocks fall (at Reuters)

NEW YORK, Dec 1 (Reuters) - The euro extended declines to fall 3 percent against the yen on Monday as U.S. stocks accelerated losses on Wall Street, prompting investors to sell riskier assets. The euro fell as low as 117.46 yen...

Dollar pares gains vs euro after Bernanke comments (at Reuters)

NEW YORK, Dec 1 (Reuters) - The dollar trimmed gains against the euro on Monday after Federal Reserve Chairman Ben Bernanke said the United States is now better equipped to tackle systemic risks. The euro last traded 0.3...

Dollar falls vs euro as demand for safe haven eases

NEW YORK (Reuters) - The U.S. dollar dropped for a third day against the euro on Tuesday, giving the euro its best three-day percentage advance ever, as new U.S. measures to boost consumer lending helped ease concerns about the...

GDP contraction deeper than first thought (Reuters)

Reuters - The economy shrank more severely during the third quarter than first estimated as consumers cut spending at the steepest rate in 28 years, according to a Commerce Department report on Tuesday that underlined how...

FX OUTLOOK-US dollar to remain bid in holiday week (at Reuters)

By Wanfeng Zhou NEW YORK, Nov 21 (Reuters) - Perhaps ironically, even the uncertainty hanging over U.S. corporate icons General Motors (GM.N: ) could be catalysts for more dollar strength as investor anxiety about their fate...

Weak data, stocks boost dollar, yen

By Wanfeng Zhou NEW YORK (Reuters) - The U.S. dollar and the yen rose against the euro on Friday, underpinned by safe-haven bids amid a deteriorating global economic outlook and losses on Wall Street. "Today is probably a...

U.S. stocks, oil fall on dismal economic outlook

NEW YORK (Reuters) - U.S. stocks and crude oil fell on Friday as data showing much of Europe in recession, along with a record drop in U.S. retail sales in October, prompted risk aversion amid a deteriorating global economic...

Dlr briefly extends losses vs yen after retail sales (at Reuters)

NEW YORK, Nov 14 (Reuters) - The U.S. dollar briefly extended losses against the yen on Friday as risk aversion rose following worse-than-expected retail sales data. The pair has since bounced back after Federal Reserve...

Carry trade's allure dims as global rates fall

By Wanfeng Zhou - "Even if we see risk appetite return and volatility in the market recede from the very high levels that we're seeing currently, if you buy into the argument that interest rates are set to fall across the G10...

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