Arab Today, arab today dollar rises amid european concern positive us data
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Dollar rises amid European concern, positive U.S. data

Arab Today, arab today

Arab Today, arab today Dollar rises amid European concern, positive U.S. data

New York - Xinhua

The U.S. dollar rose against most major currencies this week against the backdrop of the ongoing European debt crisis and upbeat economic data. The auction of Italian five-year government bonds on Monday produced a yield of 6.29 percent, a sharp rise from the 5.32 percent last month. Also, some analysts noted that Spain\'s 10-year note yields topped 6 percent for the first time since early August, suggesting the borrowing costs of Spain also rose due to concerns over the country\'s debt problems. The Spanish government on Thursday sold 3.56 billion euros (4.8 billion U.S. dollars) worth of 10-year bonds at an average yield of nearly 7 percent, which is a level seen as unsustainable. The rising yields of government bonds worried investors as the European debt crisis seemed to be spreading in eurozone countries. The European Union, the European Central Bank, and the International Monetary Fund have approved an 8-billion-euro (10.8-billion-dollar) installment for Portugal\'s bailout package, while Greek Prime Minister Lucas Papademos won a confidence vote which was crucial to implementing austerity measures. On the economic front, eurozone gross domestic product (GDP) expanded by 0.2 percent in the third quarter, led by Germany and France. The GDP data eased investors\' worries about an economic recession in the region. However, European Commission President Jose Manuel Barroso on Wednesday said the eurozone faces a \"systemic crisis\" that calls for more action by euro-member states. Meanwhile, U.S. economic data this week showed that the U.S. economy might pick up momentum. The U.S. Labor Department said on Wednesday that consumer prices dropped 0.1 percent during the month, the first decline in four months, as energy prices decreased. The Labor Department also said initial claims for unemployment compensation fell by 5,000 to a seasonally adjusted 388,000 last week, which was the lowest level in seven months, suggesting that the U.S. labor market continued to improve. The dollar index, which is regarded as the best gauge of its performance against a basket of six currencies, rallied 1.5 percent to 78.079 this week. The British pound dropped 1.74 percent against the dollar this week. Britain\'s Office for National Statistics said consumer prices fell to 5 percent in October from 5.2 percent in September. However, the figure was still well above the 2 percent target set by Bank of England. 

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 dollar rises amid european concern positive us data Arab Today, arab today dollar rises amid european concern positive us data

 



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 dollar rises amid european concern positive us data Arab Today, arab today dollar rises amid european concern positive us data

 



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: نفط وبتروكيماويات
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