Week Recap: Global Stocks Tumble, Yen and Swiss Franc Gain Big on Euro, Dollar, & Pound

Friday, May 9th, 2008

Global stocks fell as a result of American International Group reported a $7.8 billion loss and Citigroup plans to shed almost $500 billion in assets. Heightened risk aversion helped the Yen and Swiss Franc extended gains from earlier in the week against the other majors. 

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Euro Rallies Overnight After Finding Support, ECB & BOE Decisions

Thursday, 05/08/08

Dollar Weakens as Oil Hits New Record, Fannie Mae Sinks Stocks at Open

Tuesday, 05/06/08

Dollar Strengthens After Weak Data Emerges from UK and Euro-zone

Wednesday, 05/07/08

Dollar Weaker vs Euro, Yen, Loonie, and Aussie but Gains on Pound

Monday, 05/05/08