Currencies
Currencies News
Euro Drops to Three-Week Low as Recession Deepens; Yen Advances
The euro slid to a three-week low against the dollar after a report showed Europe’s recession deepened more than forecast last quarter, sapping demand for the region’s assets and spurring bets on lower interest rates.
IMF Says Currency-War Talk ‘Overblown’ Ahead of G-20 Meeting
The International Monetary Fund sought to ease concerns about exchange-rate volatility that will dominate this week’s Group of 20 nations meeting, calling talk of international currency wars “overblown.”