Arab Today, arab today euro rallies after german central banker\s comments
Last Updated : GMT 14:56:48
Arab Today, arab today
Arab Today, arab today

Euro rallies after German central banker\'s comments

Arab Today, arab today

Arab Today, arab today Euro rallies after German central banker\'s comments

London - AFP

The euro reached two-year highs against other major currencies on Friday after hawkish comments by a German central banker. Near 2200 GMT, the euro traded at $1.3743, up from $1.3690 on Thursday after earlier peaking at $1.3893, the highest since October 2011. The euro also advanced against the Japanese currency, trading at 144.37 yen from 143.47 yen -- after earlier hitting 145.69 yen, the highest level since October 2008. The dollar advanced to 105.13 yen from 104.80 yen. Traders were stirred to buy the euro after German Bundesbank President Jens Weidmann, who sits on the European Central Bank's Governing Council, told a German newspaper that subdued inflationary pressure should not justify unfettered monetary easing. "While Mr. Weidmann is a known monetary hawk, his comments overnight gave investors an excuse to push the euro higher, which triggered automatic orders that likely exaggerated the move," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, Inc. Weidmann's comments follow recent statements by ECB President Mario Draghi, pledging to take action if the European economy does not improve. Among other currencies, the British pound rose to $1.6475 from $1.6410. The dollar dipped to 0.8913 Swiss franc from 0.8965.

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 rallies after german central banker\s comments Arab Today, arab today euro rallies after german central banker\s comments

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
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 Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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