6120
Euro At 27-Month Low
World Economy

Euro At 27-Month Low

The euro slid to a 27-month trough against the dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the eurozone, Reuters reported. The greenback also hit a seven-year peak against the yen. Those gains helped the dollar hit its strongest point since March 2009 against a basket of major currencies at 88.867 . New York Fed President William Dudley reiterated on Tuesday that for now the dramatic drop in oil prices – down more than 30 percent since June – was a net benefit for the United States, helping US consumers and major trade partners.

 

Short URL : http://goo.gl/cv1DQM

You can also read ...

Cybercrime cost has jumped by $155 billion since 2014.
Global businesses are losing the equivalent of nearly 1% of...
Pakistan to Be Placed Back on FATF List
Pakistan will be placed back onto an international terrorism-...
US Presses India to Cut Tariffs
US businesses and diplomats are pressing India to cut tariffs...
UAE Inflation  to Rise to 3.3%
Inflation is expected to rise to 3.3% in the UAE as the 5%...
Turkey will have the widest current account deficit this year at 4.5% of GDP, followed by Argentina and Colombia.
As the US and European countries embark on a monetary...
The ECB expressed more confidence that inflation would converge over time to its 2% target.
Released within 24 hours of each other this week, the minutes...
Europe’s main London, Frankfurt and Paris markets barely budged in early moves.
A stronger dollar and slightly higher global borrowing costs...
Nigeria Bank Sees Faster Growth
Nigeria’s biggest bank by revenue expects lending to...

Trending

Googleplus