Arab Today, arab today euro falls most in 11 months against yen
Last Updated : GMT 23:37:20
Arab Today, arab today
Arab Today, arab today

Euro falls most in 11 months against yen

Arab Today, arab today

Arab Today, arab today Euro falls most in 11 months against yen

New York - Arabstoday

The euro fell by the most in 11 months against the yen as rising Spanish borrowing costs boosted concern the region\'s sovereign-debt crisis in worsening. The dollar posted weekly gains against most of its major counterparts as demand for safety increased. Higher-yielding currencies, led by South Africa\'s rand, fell as a report showed US employers added the fewest jobs in five months in March, which fuelled concern the US economic recovery is slowing and underscored bets the Federal Reserve will introduce further stimulus. The yen rose against all of its major peers before a Bank of Japan meeting this week. \"The rain has come from Spain,\" said Alan Ruskin, global head of Group-of-10 foreign-exchange strategy at Deutsche Bank AG in New York. \"The austerity policy is so harsh that it could undermine their own capacity to deliver better fiscal numbers. The Spain story is front and centre\" for the euro. The 17-nation euro dropped 3.4 per cent to 106.86 yen (Dh4.8) in New York, its biggest weekly loss since May. The shared currency fell 1.9 per cent to $1.3096, reaching $1.3035 April 5, its lowest level since March 15. The dollar weakened 1.5 per cent to 81.64 yen. The rand and Sweden\'s crown declined the most against the dollar among the 16 major currencies tracked by Bloomberg. South Africa\'s currency slumped 2.7 per cent to 7.8834 per dollar while the crown lost 2.1 per cent to 6.7522. The euro declined 1.1 per cent in the past week, the second worst performance after the crown among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The yen has gained 2.6 per cent and the dollar has appreciated 0.9 per cent. Spain, the euro-region\'s fourth-largest economy, is in \"extreme difficulty,\" Prime Minister Mariano Rajoy said April 4, raising the possibility of a bailout for the second time. Spanish bonds fell, pushing the yield on the 10-year benchmark bond to as high as 5.84 per cent April 5, the most since December, and widening the spread with similar-maturity German bunds to more than 4 percentage points. Spain\'s 10-year bond yield has jumped nearly one percentage point since March 2, when Rajoy announced the government would fail to achieve its budget-deficit target this year. He warned that public debt will surge to a record 79.8 per cent of GDP this year as it imposes the deepest austerity in at least three decades. German exports probably decreased 1.2 per cent in February from January, when they rose 2.4 per cent, according to the median estimate of economists surveyed by Bloomberg News before the report due on April 10. In France, industrial production increased 0.3 per cent in February, matching a 0.3 per cent gain the prior month, another poll showed before the nation\'s statistics office releases data the same day. The Dollar Index, which Intercontinental Exchange Inc uses to track the greenback against the currencies of six US major trading partners, gained 1.1 per cent to 79.839, halting three consecutive weeks of losses. Nonfarm payrolls increased by 120,000 last month, the smallest increase in five months, the Labour Department reported on Friday. Economists had forecast an addition of 205,000, according to the median of 75 estimates in a Bloomberg News survey. The Swiss franc climbed to as strong as 1.19995 per euro on Thursday, breaking the Swiss National Bank-imposed ceiling of 1.20 per euro. The franc appreciated 0.3 per cent last week, rising for a third week, to 1.2010 per euro. It lost 1.6 per cent to 91.73 centimes per dollar. The Swiss central bank set a limit of 1.20 francs per euro on September 6 to protect exports after investors turned to the nation\'s currency as a haven from Europe\'s sovereign-debt crisis. The SNB won\'t allow the franc to rise above the ceiling and is ready to buy foreign currencies in unlimited quantities, spokesman Walter Meier said on Thursday. From gulfnews

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 euro falls most in 11 months against yen Arab Today, arab today euro falls most in 11 months against yen

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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