Arab Today, arab today dollar rallies on fed tapering bets
Last Updated : GMT 06:51:55
Arab Today, arab today
Arab Today, arab today

Dollar rallies on Fed tapering bets

Arab Today, arab today

Arab Today, arab today Dollar rallies on Fed tapering bets

New York - XINHUA

The US dollar rallied against major currencies Wednesday as recovery of U.S. economy boosted expectations that the Federal Reserve would continue tapering its monetary stimulus. Manufacturing activity in the New York region expanded at a faster pace in January, with the general business conditions index rising to 12.5, its highest level in more than a year, said the Federal Reserve Bank of New York Wednesday. U.S. Producer Price Index (PPI) for finished goods advanced 0.4 percent in December on a seasonally adjusted basis, the Labor Department reported. The increased PPI put more pressure on the Fed to reduce its monthly bond purchases. Moreover, the U.S. mortgage applications surged 11.9 percent last week, according to the Mortgage Bankers Association. The dollar index, which tracks the greenback against six major currencies, was up 0.25 percent at 80.86 in late New York trading. In the previous session, the dollar snapped a three-day falling spree against major currencies after the Commerce Department said the U.S. retail sales exceeded market forecast to edge up 0.2 percent in December following a downwardly revised 0.4-percent gain in November. The Fed announced the first tapering of its massive monthly asset purchases by 10 billion dollars starting January following its meeting on Dec. 18. Fed officials will meet again on Jan. 28- 29 to discuss the next move of withdrawal from its monetary stimulus. In late New York trading, the euro dipped to 1.3602 dollars from 1.3671 dollars of the previous session, and the British pound decreased to 1.6369 dollars from 1.6434 dollars. The Australian dollar slipped to 0.8909 U.S. dollar from 0.8958 U.S. dollar. The dollar bought 104.61 yen, higher than 104.24 yen of the previous session. The greenback moved up to 0.9088 Swiss francs from 0.9029, and went up to 1.0953 Canadian dollars from 1.0949.

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rallies on fed tapering bets Arab Today, arab today dollar rallies on fed tapering bets

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rallies on fed tapering bets Arab Today, arab today dollar rallies on fed tapering bets

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday