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Last updated: 05:47:59 Friday Oct 10, 2008


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  • Dollar drops against yen as stocks crumble
    The dollar hit a seven-month trough against the yen on Friday as equities tumbled again, prompting investors to flee to currencies seen as less exposed to the financial crisis, dealers said.   Nations:Japan   Activities:2007 Global Credit Crunch   Source:(AFP)   2008-10-10

    Central banks turn on funding taps to tackle market squeeze
    FRANKFURT/TOKYO (Reuters) - The world's top central banks joined forces on Thursday to throw a multi-billion dollar lifeline to global markets in a dramatic effort to free up bank-to-bank lending, frozen by the upheavals on Wall Street.   Nations:Switzerland Germany U.K. India Russia Philippines   People:Dmitry Medvedev   Activities:2007 Global Credit Crunch   2008-09-18

    Dollar slides against yen on global financial turmoil
    LONDON (AFP) - The dollar on Tuesday fell to more than three-month lows against the yen as the Lehman Brothers bankruptcy sparked worries over the entire global financial system, analysts said.   Nations:Germany   Activities:Lehman Brothers Bankruptcy   2008-09-16

    Dollar resilient after trade report; euro weakens
    NEW YORK (AFP) - The dollar shook off a weak report on the US trade deficit and held generally steady Thursday as investors sought safety in the greenback from market turmoil.   Source:(AFP)   2008-09-11

    Euro falls below 1.40 dlrs on recession fears
    NEW YORK (AFP) - The euro fell below 1.40 dollars for the first time in almost a year Wednesday as investors sought a safer haven from recession fears in the eurozone and oil prices fell on demand worries.   2008-09-10

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