surge

The Saudi Riyal slumped to its lowest since March 2011 against the U.S. dollar in the forwards market on Tuesday, following a surge in demand for the U.S. dollar in the spot exchange market. The one-year U.S. Dollar/Saudi Riyal forwards jumped to 120.0 points, the highest level since a March...

Stocks soared to session highs after the Guardian reported that France and Germany have agreed to boost the EU rescue fund, with Mark Jordahl, US Bancorp Wealth Mgmt.; and Steve Neimeth, SunAmerica Asset Mgmt. more...

Central banks' policy of printing money to try and stimulate weak economies is unlikely to result in significantly higher inflation, Rob Carnell, chief international economist at ING, wrote in a market note. more...

China's central bank and other financial institutions spent 376.9 billion yuan ($59 billion) buying foreign currencies in August, a five-month high and a 71.6 percent jump from July, according to official data published on Wednesday. more...

Do earnings reports from Gap and others signal that higher commodity costs are starting to hit companies where it hurts - on the bottom line? more...