US dollar falls to 14-year low against the yen
Nov/09BC
Source: BBC News
BBC - The US dollar has hit a 14-year low against the Japanese yen with low interest rates in the US making the greenback less attractive to investors.
The dollar fell to 86.28 yen in early Thursday trading, it’s lowest level since 1995, before recovering to 86.61. The US has indicated it is unconcerned about the dollar’s slide, and will not intervene to strengthen it.
Many traders are swapping dollar holdings for gold as a safer investment in the current economic climate. The price of gold hit a fresh record high of $1,194.9 per ounce on Thursday, before falling back slightly to $1,182.4.
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The 15 strongest U.S. metros
Oct/09BC
Employment and economic muscle
Federal Reserve Chairman Ben Bernanke might think the country is out of the recession, but unemployment is rising from Connecticut to California and banks are taking possession of a growing share of American homes. But some metros across the nation have managed to stay out of the recession’s path and could now be poised for recovery. Using data and analysis from the Brookings Institution’s new MetroMonitor study, BusinessWeek.com ranked the nation’s top 40 economies based on job growth, employment, economic growth and home prices. And Texas seems to be the clear winner, with San Antonio at the top of the list and five metros in the top 10. To see which metros made the list, read on.