A bi-partisan committee designed to find a solution to the debt crisis in the US has failed. As a result, US stocks are in free fall today. The US dollar, though, is mostly higher in Forex trading.

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Chinese Premier Wen Jiabao is planning to allow the yuan to increase in flexibility on the currency market, according to state-run CCTV.

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The Great Britain pound dropped today and dropped heavily as the house prices in Britain tumbled, reinforcing the negative outlook for the UK economy.(...)
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The Japanese yen rose against the euro and fluctuated versus the dollar as concerns about the US debt added to uncertainty caused by the European crisis.(...)
Read the rest of Yen Profits from Debt Problems of Europe & USA (75 words)