euro sinks to 2year low under 125
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Euro sinks to 2-year low under $1.25

Arab Today, arab today

Arab Today, arab today Euro sinks to 2-year low under $1.25

one-euro coins
London - AFP

The euro dived below $1.25 on Friday for the first time for more than two years, driven by speculation that the US Federal Reserve could cut interest rates sooner than expected.
At about 1330 GMT, the European single currency fell as low as $1.2486, touching the lowest level since late August 2012.
"The weakness in the euro is more of a strong dollar story," said Nick Stamenkovic, macro strategist at RIA Capital Markets.
"The dollar has appreciated against the euro and particularly the yen ... as the Fed slowly but surely heads towards raising rates during 2015."
Official data showed on Thursday that the US economy, the world's biggest, grew at an annualised 3.5 percent in July-September. That smashed expectations for a 3.0-percent rise.
The reading, coupled with upbeat comments about the jobs market from the Fed, stoked speculation that the bank could hike interest rates earlier than its timetabled mid-2015 date.

 

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*

euro sinks to 2year low under 125 euro sinks to 2year low under 125

 



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*

euro sinks to 2year low under 125 euro sinks to 2year low under 125

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday