The euro extended losses on Thursday, hitting a session low against the dollar after a media report said European Central Bank President Jean-Claude Trichet had said he did not exclude additional cuts in interest rates. >>
The U.S. dollar climbed across the board on Wednesday after the Federal Reserve refrained from committing to purchase long-dated Treasuries for now, calming inflationary concerns. >>
U.S. government officials seeking to revamp the financial bailout have discussed spending another $1 trillion to $2 trillion to help restore banks to health, the Wall Street Journal said, citing people familiar with the matter. >>
The housing market remains in the throes of the worst downturn since the Great Depression and prices are still falling, but there are signs the market may have turned a pivotal corner. >>
