Thursday, May 17, 2012
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UAE cenbank says nothing can replace the dollar

The central bank chief for the United Arab Emirates said he saw weakness in the dollar as a "temporary situation" and expressed support for the greenback, saying nothing could replace it as a reserve currency. >>

CANADA Forex DEBT-C$ shoots higher, ends May up 9.3 percent

Canada's currency raced higher versus the U.S. dollar on Friday and touched its highest level in nearly eight months as commodity prices surged and upbeat economic data sideswiped the greenback. >>

FOREX-Dollar recovers as German bank doubts knock euro

The dollar strengthened broadly on Tuesday after a media report questioning the health of the German banking system prompted traders to trim back bets against the dollar that had driven it to a five-month low last week. >>

North Korea tension, economy worries hit stocks

World stocks fell on Tuesday with Asian shares leading the way as tension about North Korean nuclear tests added to questions over the global economic outlook. >>

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