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Stock impact report

Dollar set for biggest weekly rise since the 2008 financial crisis [Reuters]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Reuters
Dollar set for biggest weekly rise since the 2008 financial crisis LONDON (Reuters) - The dollar eased on Friday as stock markets around the world recovered but remained on track for its biggest weekly rise since the global financial crisis in 2008 as a global scramble for funding sent other currencies reeling. Currencies from the Australian dollar AUD=D3 to the British pound GBP=D3 tumbled to multi-year lows this week, after coordinated rate cuts by central banks and billions of dollars of fund injections failed to calm panicky markets. But Friday restored some calm after days of selling. The Australian dollar AUD=D3 jumped 3.4%, although analysts warned that it was too early to call an end to the rout. The U.S. dollar is up about 3.5% against a basket of currencies =USD through a week when investors have liquidated everything from stocks to bonds to gold and commodities. It hit a three-year peak of 102.99 in early Asian trading. Gauges of expected market swings in the euro for one-m Show less Read more
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