The bad news for the US dollar just keeps on coming. The American greenback set yet another record low today as the euro moved up to a high of $1.4966 earlier in the day, breaking yesterday's record of $1.4873. The dollar also fell to a new two and a half year low against the yen in Asian trading, as the yen fell to under 108. Traders are continuing to worry about the ...

Federal Reserve chairman Ben Bernanke has decided to state the obvious today... the U.S. economy is going through a tough time. Is this the same Bernanke that has been saying all year that the subprime mortgage crisis has been contained? Well, thanks for confirming what most of us already knew... record high oil prices and the severe housing slump are going to weigh on the American economy, and that an economic ...