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The virtual currencyâ??s meteoric rise encountered stormy weather that could determine its future. The NYT reports. more...

Thu Lan Nguyen, EMEA FX strategist at Commerzbank, says it is unlikely that the European Central Bank will hike interest rates next week as it still needs to carry out an inflation impact assessment. more...

Anxiety over a potential U.S. debt default has led some analysts to question whether the greenback's days as a global reserve currency are numbered. more...

India's rupee is hitting another new low. CNBC's Seema Mody reports it is unrealistic to expect the government to make any dramatic changes to its policy ahead of India's election next year. Richard Madigan, JPMorgan Private Bank, discusses the play on emerging markets. more...

Slovakia is now, together with the Czech Republic, considered a* relative safe haven, more so than many other countries, both in Central and Eastern Europe and in the euro zone. more...

Federal Reserve Chairman Ben Bernanke is unlikely to announce a third round of quantitative easing in his Jackson Hole speech this afternoon, Tony Fratto, the director of Hamilton Place Strategies, a public policy research firm, told CNBC. more...

Spain plans to change its constitution before elections in November to include debt limitations that guarantee budget stability in the medium- and long-term, the prime minister said on Tuesday. more...

More relieved than satisfied, markets will shift attention from Washington to the sluggish U.S. economy and Europe's debt problems. more...