Arab Today, arab today euro hits its highest level in 3 weeks
Last Updated : GMT 08:51:03
Arab Today, arab today
Arab Today, arab today

Euro hits its highest level in 3 weeks

Arab Today, arab today

Arab Today, arab today Euro hits its highest level in 3 weeks

New York - Arabstoday

The euro climbed to a three-week peak against the dollar on Friday as concerns about a slowdown in the Eurozone ebbed, but the single currency could reverse gains this week as bond auctions in Spain and Italy draw scrutiny. Any sign of eroding confidence in the bonds of these peripheral countries could undermine the euro. Economic data from Germany and a meeting of European finance ministers will also be key events for the week. \"We think euro/dollar is headed lower,\" said Aroop Chatterjee, currency strategist at Barclays Capital in New York. \"European economic data continues to be lacklustre. We saw a snapback in data earlier this year, but it\'s been primarily sentiment-driven. \"The euro appears to be stuck in a trading range and our house view is that it would go gradually lower to $1.20 in 12 months,\" he added. The dollar is seen remaining supported by an improving economic landscape in the United States that contrasts starkly with European countries that are teetering on the brink of recession or are already in one. Data on sales of new US homes on Friday, for instance backed the view the country\'s housing sector is on a stable path to recovery, something that is seen as key to the health of the overall economy. Worries ease But on Friday overall, worries about faltering global growth in the Eurozone and China eased a day after hitting stocks and riskier currencies, tempering demand for safer bets such as the dollar and the yen. The euro last traded at $1.32700, up 0.6 per cent, after hitting a three-week high of $1.32940 earlier in the global session. It was also up from Thursday\'s low of $1.31334 and posted its best weekly performance since late February. A key level of resistance for the euro is $1.33, and a break of that level would likely move it up toward $1.3500. The Australian dollar, meanwhile, was up 0.9 per cent at $1.0479 after hitting a two-month low of $1.0336 the previous session, while the New Zealand dollar advanced 1.1 per cent to $0.8188. \"Today says: ‘Don\'t worry, be happy\',\" said Jonathan Lewis, chief investment officer at Samson Capital Advisors, which has assets under management of around $7 billion. \"That\'s what it means when the best performing currencies on the day are commodity and growth-oriented ones like the New Zealand and Australian dollars, and the Norwegian krone and the Japanese yen is near the back of the bus.\" Against the yen, the greenback was down 0.1 per cent at 82.441 yen, while the euro rose 0.4 per cent to 109.400 yen. The greenback has gained more than 7 per cent against the yen since the start of this year. The euro has jumped 9.8 per cent versus the Japanese currency, with gains accelerating after the Bank of Japan, in a surprise move in February, initiated more quantitative easing.

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 hits its highest level in 3 weeks Arab Today, arab today euro hits its highest level in 3 weeks

 



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 Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
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 Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

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