Arab Today, arab today euro steadies against dollar
Last Updated : GMT 12:35:42
Arab Today, arab today
Arab Today, arab today

Euro steadies against dollar

Arab Today, arab today

Arab Today, arab today Euro steadies against dollar

LONDON - AFP

The euro steadied against the dollar on Thursday after falling on worries about the Greek debt crisis. The European single currency was scarcely changed at $1.4190 in morning trading in London compared with $1.4193 in New York late on Wednesday. The shared eurozone unit had struck a three-week low point of $1.4172 on Wednesday, as investors fretted about Greece's debt crisis amid widespread protests against the government's austerity program. "Euro selling took a pause but its weak undertone remains unchanged amid uncertainties over the eurozone debt problem," said Tomohiro Ishikawa, a dealer at Chuo Mitsui Trust and Banking. On Wednesday in Athens, police clashed with protesters near parliament as thousands demonstrated against a new wave of austerity cuts designed to keep the country's economy afloat. Last year, Greece undertook to restructure its economy after receiving a loan worth 110 billion euros ($155 billion) from the European Union and International Monetary Fund to avert insolvency when its borrowing costs soared. However, its overall debt has swollen to 340 billion euros, leading to mounting speculation -- even from Greek officials -- that it will need other options to maintain repayments when the EU-IMF loan expires in 2013. The IMF said on Thursday that its analysis did not point to Greece having to restructure its debt, noting that the country had assets worth several hundred billion euros which it could sell. Its comments come amid widespread belief on financial markets that it will need another 60 billion euros over the next two years. Sterling slid against the euro and dollar after official data showed British manufacturing output rose only modestly in March. Sterling had won support on Wednesday after Bank of England data indicated that Britain was set for an interest rate hike before the end of the year. British interest rates have stood at a record-low level of 0.50 percent since March 2009 as the country's weak economic recovery offsets high inflation. In London on Thursday, the euro changed hands at $1.4190 against $1.4193 late in New York on Wednesday, at 114.96 yen (115.00), £0.8718 (0.8682) and 1.2587 Swiss francs (1.2594). The dollar stood at 81.02 yen (81.02) and 0.8871 Swiss francs (0.8872). The pound was at $1.6275 (1.6346). On the London Bullion Market, gold prices dropped to $1,488.95 an ounce from $1,508 late on Wednesday.

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 steadies against dollar Arab Today, arab today euro steadies against dollar

 



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 steadies against dollar Arab Today, arab today euro steadies against dollar

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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