Dollar Skyrockets Versus Majors Amid Renewed Inflation Concerns [EUR/USD]

Dollar Skyrockets Versus Majors Amid Renewed Inflation Concerns [EUR/USD]
The greenback was broadly stronger versus its major counterparts for a second straight session on Friday, with traders betting that the Federal Reserve will have a difficult time justifying another rate cut after consumer price data signalled rising inflation.

Japanese Market Tumbles On Worries Over Worsening Credit Crisis []
Thursday, Tokyo shares closed sharply lower despite Wednesday's moderate rebound on Wall Street. The market sentiment was also negative as investors were unconvinced about the feasibility of Federal Reserve's plan to work with other central banks to alleviate global credit crisis.

Stocks Close Mixed After Seeing Early Weakness - U.S. Commentary []
After showing a notable decline over the course of morning trading on Thursday, the U.S. stock markets staged a notable recovery in the latter part of the trading day. The major averages moved well off their worst levels of the day, eventually ending the session mixed.

Sterling Mixed Versus Majors Friday Morning [GPB/USD]
The sterling was mixed against other majors Friday morning in New York, losing ground to the dollar but firming up versus the euro. Traders considered key inflation readings from the US and Euro zone.

Stocks Rebounding On Banks' Efforts To Add Liquidity - U.S. Commentary []
While traders reacted negatively to the announcement of the Federal Reserve's interest rate decision on Tuesday, the U.S. stock markets have moved back to the upside on Wednesday in reaction to news of the Fed's latest efforts to improve liquidity in the financial sector.

Stocks Regain Some Ground But Remain Mostly Lower - U.S. Commentary []
After moving lower at the start of trading on Thursday, the U.S. stock markets saw some further downside over the course of the morning. While stocks have regained some ground since then, they remain mostly lower.