Arab Today, arab today euro firms against dollar before greece vote
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Euro firms against dollar before Greece vote

Arab Today, arab today

Arab Today, arab today Euro firms against dollar before Greece vote

London - AFP

The euro climbed against the dollar on Wednesday before a vital vote in the race to solve Greece\'s debt crisis, while markets also assessed the appointment of the International Monetary Fund\'s new head. In London deals, the European single currency rose to $1.4391 from $1.4367 late in New York on Tuesday. Against the Japanese unit, the dollar climbed to 81.12 yen from 81.08 yen on Tuesday. Markets were awaiting a Greek vote on austerity measures vital for Athens to avoid debt default. \"With no \'Plan B\' in the event of a parliamentary rejection... market tensions would escalate dramatically,\" said BNP Paribas analyst Luigi Speranza. However ahead of Wednesday\'s vote, optimism was growing that Greece would pass tough measures required under a European bailout of the country to avoid a debt default. The vote is eagerly awaited by other debt-ridden eurozone countries fearing dangerous knock-on effects. The new measures were drawn up to meet European Union and International Monetary Fund (IMF) conditions for further bailout support, after a 110-billion-euro rescue last year. If passed, these creditors could as early as Sunday authorise 12 billion euros in blocked funds needed to stave off bankruptcy for the Athens government when massive repayments fall due in mid-July. It comes as France\'s Christine Lagarde was on Tuesday chose to head the IMF. Lagarde replaces fellow countryman Dominique Strauss-Kahn, IMF chief since 2007, who resigned on May 18 after being arrested in New York for allegedly sexually assaulting a Manhattan hotel maid. He has denied the charges. French President Nicolas Sarkozy\'s office declared the pick a \"victory for France,\" while British finance minister George Osborne welcomed the \"good news for the global economy.\" The 55-year-old lawyer, a divorced mother of two and finance minister since 2007, was chosen by consensus rather than a vote of the 24 IMF executive directors, the board said. In London on Wednesday, the euro changed hands at $1.4391 against $1.4367 late in New York on Tuesday, at 116.74 yen (116.51), £0.8985 (0.8980) and 1.1963 Swiss francs (1.1955). The dollar stood at 81.12 yen (81.08) and 0.8313 Swiss francs (0.8319). The pound was at $1.6015 (1.5997). On the London Bullion Market, gold prices rose to $1,508.90 an ounce from $1,499 late on Tuesday.

arabstoday
arabstoday

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 firms against dollar before greece vote Arab Today, arab today euro firms against dollar before greece vote

 



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 euro firms against dollar before greece vote Arab Today, arab today euro firms against dollar before greece vote

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

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%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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