Arab Today, arab today us dollar weakens on ecb speculation
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

US dollar weakens on ECB speculation

Arab Today, arab today

Arab Today, arab today US dollar weakens on ECB speculation

New York - XINHUA

The U.S. dollar fell against most of the other major currencies Wednesday as markets expected the European Central Bank (ECB) would introduce stimulus program to boost the economy. ECB President Mario Draghi said last week he was comfortable with adding further stimulus next month. Reports said the ECB plans a package of policy options, including measures aimed at boosting lending to small- and mid- sized firms. Analysts thought that ECB rate cut next month is " more or less a done deal." On the U.S. economic front, a surprising rise in U.S. wholesale prices also raised worries somewhat about increasing inflation pressure, which might prompt the U.S. Federal Reserve to hike interest rates earlier than expected. With the data in mind, investors seemed more likely to stay on the sidelines, awaiting more inflation data, such as Consumer Price Index due out the following day, to assess the situation. The U.S. producer price index for final demand advanced 0.6 percent in April on a seasonally adjusted basis, said the Labor Department Wednesday. The increase in wholesale prices was the biggest in more than a year, exceeding market expectations of a 0. 2-percent rise. In late New York trading, the euro gained to 1.3708 dollars from 1.3699 dollars of the previous session, and the British pound decreased to 1.6769 dollars from 1.6822 dollars. The Australian dollar went up to 0.9380 dollars from 0.9357 dollars. The dollar bought 101.77 Japanese yen, lower than 102.29 yen of the previous session. The dollar moved down to 0.8900 Swiss francs from 0.8904 Swiss francs, and it edged down to 1.0879 Canadian dollars from 1.0913 Canadian dollars.

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 us dollar weakens on ecb speculation Arab Today, arab today us dollar weakens on ecb speculation

 



Arab Today, arab today

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 weakens on ecb speculation Arab Today, arab today us dollar weakens on ecb speculation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
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 Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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