The dollar was trading at a 20-month low against the euro this morning. So you'll shell out some serious dough on your next European vacation, but what else does a dropping dollar mean? Stacey Vanek-Smith reports.
The dollar's decline could push up the price of oil. Some OPEC members are calling for a cut in production because the falling dollar has amounted to a price cut for them. Stephen Beard explains.
The latest GDP numbers came out today boasting healthy growth in Q3. And then the Fed's Beige Book showed moderate economic growth. So maybe those slumping housing and auto sales numbers don't mean so much after all?
Fed chairman Ben Bernanke had a pretty rosy outlook on the economy — except that the core rate of inflation remains "uncomfortably high" and the housing and auto sectors are dragging. Critics say it's a mistake to downplay those factors.
A wealth management group reports the cost of a partridge in a pear tree and other items in "The Twelve Days of Christmas" song are up this year. Stacey Vanek-Smith has the details.
The dollar fell to a new low against the euro today on worries that China will sell some of its dollar holdings. Meanwhile, the yuan continues to strengthen against the greenback. Bob Moon reports.
Treasury Secretary Henry Paulson gave his first major speech today. He said the U.S. needs to loosen regulatory rules to stay competitive in the world market, but not everyone agrees. Alisa Roth reports.
