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Current DateTime: 02:14:44 04 Dec 2008
LinksList Documentid: 23371764
    • Yen Glows Amid Global Downturn

        The stampede out of equities has driven investors towards safe haven assets such as the Japanese yen -- a currency that has risen sharply as its appeal grows whenever risk appetite wanes. Just how much higher can it go against the U.S. dollar?

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Aug.07
9:28 AM ET

With the economic slowdown weighing more on Europe, the ECB decided to hold its interest rates at a seven-year high of 4.25%.  Here are some world interest rates as a point of comparison.

On the news, the US Dollar is up against the Euro. 

The global economic slowdown is also weighing on retailers this morning with disappointing numbers from Walmart (WMT) and Target (TGT).  61% of 33 retailers reported worse than expected numbers in same store sales.

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