The ECB (European Central Bank) is saying that it won't cut (interest) rates because the exchange rate is weak, when in fact the exchange rate is weak because they won't cut rates.

A gloomier mood in stock markets could be a more durable negative if sustained over the next few weeks.

It is understandable that an agency like FAO could be, in some people's minds, an object of protest.

The responsibility for yesterday's atrocities in Madrid is determining the very-near fate of the dollar.

There are several factors weighing on the dollar, among them the weak retail sales data and the feeling that Alan Greenspan was backtracking from his recent optimism on the U.S. economy. Greenspan's mention of the U.S. current account deficit has focused market attention on the problems associated with a strong dollar policy, particularly given the recent imposition of tariffs on U.S. steel imports.