| 08.10.2008 - Yen climbs on fears about deepening credit crisis |
| From Guardian: The safe-haven yen edged up against the euro and other major currencies on Wednesday as investors feared more global financial and economic damage from the deepening credit crisis. Federal Reserve Chairman Ben Bernanke's signal that an interest rate cut is coming shortly, along with a new Fed facility to help unfreeze money markets, did little to reassure market players fretting about more trouble ahead...... Full Article: Source |