World stocks were set to end the year up 15 percent but dipped on Monday as U.S. politicians prepared for last-minute talks to avoid a fiscal crunch of spending cuts and tax hikes that could drag down the world economy. In Washington, the two political parties are set to hold […]
Tag: Fiscal Cliff
FOREX-Dollar slides in thin trading; yen weakens as well
The dollar skidded on Monday in thin trading as investors locked in profits ahead of the Christmas holiday, although losses could be limited by continued uncertainty about the ongoing U.S. budget talks to avert a toxic mix of higher taxes and spending cuts. The greenback tends to benefit as a […]
Dollar edges higher as U.S. fiscal talks eyed; yen drops
The dollar rose against major currencies on Monday, buoyed by uncertainty about U.S. budget talks, while the yen tumbled to a 20-month low after Japan’s incoming prime minister stepped up pressure on the Bank of Japan to easy monetary policy. Volatility could increase as the year-end deadline on the U.S. […]
