Dollar Rises as Global Growth Concern Spurs Safe-Asset De


30/03/2012 22:38 AST  Bloomberg

The yen rose against the dollar and euro as concern the rate of global economic growth is slowing spurred demand for safer assets as the nation approaches its fiscal year end.

The Japanese currency strengthened against the majority its 16 major counterparts amid speculation Japanese companies will repatriate overseas earnings before the end of the fiscal year on March 31. The dollar strengthened earlier after a report showed U.S. factory orders trailed forecasts and the United Kingdom revised first-quarter growth downward. The 17-nation euro erased losses against the dollar after a draft statement from European finance ministers showed governments are preparing to increase rescue funds.

For more on this Click Here

Forex News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 31.3 292,380
RJHI 62 2,711,584
BUDGET 79.5 214,802
ALMARAI 95.75 63,811
EEC 37.9 21,964,881
SOLIDARITY 16.3 2,872,423
RIBL 17.65 678,715
Recent News

GCC to address impact of foreign direct investments
The Gulf Organization for Industrial Consulting (GOIC) announced Sunday that the 15th Industrialists’ Conference titled “Foreign Direct Investments: Their Impact on Gulf industries” will be held on N

Greece and KSA keen to promote investment
A ministerial delegation from Greece led by tourism minister Elena Kountoura is in the Kingdom to bolster bilateral cooperation in various sectors as the minister met her counterpart and other higher

Qatar tourism industry sustains growth in Q1
Qatar’s burgeoning tourism industry continued growth in the first quarter of 2015 (January-March) as all key indicators of the tourism sector demonstrated improvement and growth against the same peri

Exclusive facilities for Mobily’s ‘Wajid’ subscribers
Mobily provides a special discount through “Wajid” packages for new subscribers for a period of three consecutive months.

The discount on “Wajid Extra” was 60 percent while the discounts on

Marafiq selects Doble to enhance training services
To improve electrical grid reliability, Marafiq Power and Water Utility Company has contracted Doble Engineering Company, a subsidiary of ESCO Technologies Inc., to provide consulting and training se

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?