Arab Today, arab today us dollar dips after 2 day rally
Last Updated : GMT 00:34:22
Arab Today, arab today
Arab Today, arab today

US dollar dips after 2 day rally

Arab Today, arab today

Arab Today, arab today US dollar dips after 2 day rally

New York - XINHUA

The US dollar retreated mildly against most major currencies on Friday after rallying for two sessions amid the Federal Reserve's stimulus tapering decision. Although data and news coming out Friday were generally beneficial for the greenback, it fell slightly as investors locked profits from gains in previous sessions. The U.S. real GDP increased at an annual rate of 4.1 percent in the third quarter before the 16-day partial government shutdown, up from the previous estimate of 3.6 percent, the Commerce Department reported Friday. The growth rate is the biggest in almost two years. Bank of Japan's policy makers on Friday said after a two-day meeting that they would maintain monetary easing measures until annual inflation is stable at 2 percent. Meanwhile, Standard & Poor's downgraded the European Union's long-term rating to AA+ with a stable outlook, citing that the region's financial profile has deteriorated. The Fed announced Wednesday a reduction of its asset-purchasing program from 85 billion dollars to 75 billion dollars beginning from January. Supported by the reduction in Fed's monetary stimulus, the dollar reached a five-year high against the yen and climbed to the highest level in almost two weeks against the euro in the previous session. The Fed didn't rule out further reductions in the future if improvement in labor market continues and inflation moves toward its longer-run objective, but the Fed also indicated it may keep overnight rates near zero "well past the time" that the U.S. jobless rate falls below 6.5 percent. In late New York trading, the euro rose to 1.3671 dollars from 1.3656 dollars in the previous session, and the British pound decreased to 1.6333 dollars from 1.6371 dollars. The Australian dollar climbed to 0.8919 dollar from 0.8857 dollar. The dollar bought 104.04 Japanese yen, lower than 104.15 yen of the previous session. The greenback moved down to 0.8959 Swiss franc from 0.8983 Swiss franc and went down to 1.0661 Canadian dollars from 1.0662 Canadian dollars.

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 us dollar dips after 2 day rally Arab Today, arab today us dollar dips after 2 day rally

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
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 Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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