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 32.29 1,000,214
ALKHODARI 31.95 3,554,035
SPIMACO 49.37 1,582,871
ACIG 38.79 1,135,165
RIBL 17.97 2,293,414
SABIC 102.48 9,782,193
ALMARAI 91.3 109,029
Recent News

UAE banks discuss creation of centralised Islamic finance board
The UAE’s bank industry association has discussed a proposal to create a centralised Sharia board that would monitor Islamic banking, which could spur the growth of the industry.

The UAE C

KAEC expects tenant inflow to accelerate this year
King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast near Jeddah, expects its inflow of new corporate tenants to speed up this year as the economy proves resili

BankDhofar offers instant banking products & services
Elaborating on the instant banking products and services from BankDhofar, Acting CEO Abdul Hakeem Omar Al Ojaili stated: “At a technology driven age, our aspiration is to continue to lead with creati

Air Arabia named ‘Best Low-Cost Carrier’ at World Tourism Forum Awards
Istanbul, Turkey; May 24, 2015: Air Arabia has been named “Best Low-Cost Carrier” at the World Tourism Forum Awards in Istanbul, Turkey. The World Tourism Forum is an annual gathering of leading busi

NBAD mandates to finance the provision of five A330-200 aircraft
The National Bank of Abu Dhabi PJSC (NBAD), along with Arab Banking Corporation, was mandated by the International AirFinance Corporation (IAFC) as Underwriters, Bookrunners and Lead Arrangers on a U

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?