The U.S. dollar rose for a third day against other major currencies after the Federal Reserve indicated that it would trim its monthly bond purchases later this year. No major economic data were released Friday. The Dollar Index, which used to monitor the greenback against the currencies of six U.S. trade partners, increased 0.5 percent. Federal Reserve Chairman Bernanke said Wednesday that the Fed may start to taper its pace of bond purchases later this year, and may end them around the mid-2014, if the economy continues to improve. The outlook for tapering lifted up the dollar. St. Louis Fed President James Bullard, one of the two members of the Federal Open Market Committee who dissented with the decision adopted at the latest FOMC policy meeting held earlier this week, said in a statement Friday that"the Committee's decision to authorize the Chairman to lay out a more elaborate plan for reducing the pace of asset purchases was inappropriately timed." Traders were bullish on the U.S. dollar, as they expected the improving U.S. economy would prompt a rise in interest rates in late 2014. In late New York trading, the euro dropped to 1.3139 dollars from 1.3196 dollars of the previous session and the British pound decreased to 1.5427 dollars from 1.5478 dollars. The Australian dollar gained to 0.9247 dollars from 0.9175 dollars. The dollar bought 97.78 Japanese yen, higher than 97.24 yen of the previous session. It edged up to 0.9341 Swiss francs from 0. 9278 Swiss francs and moved up to 1.0457 Canadian dollars from 1. 0393 Canadian dollars.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor