Currency News

Japan takes action on strong yen Tokyo intervenes in the currency markets to halt the yen's rise against the dollar with further measures expected Swiss franc tumbles as SNB cuts rates Swiss National Bank threatens to increase supply of francs to push the haven currency down from record highs agaisnt the dollar and euro Swiss franc tumbles as SNB cuts rates Central bank unexpectedly cuts interest rates and says it will increase the supply of currency to money markets to stem its rapid appreciation European leaders feel the strain Barroso says tensions in bond markets reflect a growing concern among investors about the capacity of the euro area to respond to evolving crisis ECB sees lenders rush to hoard cash Bank deposits have more than doubled to a five-month high suggesting a reluctance to lend to one another amid eurozone bond market worries