The euro had the biggest weekly gain versus the dollar since February as European Central Bank officials and national leaders pledged to support the shared currency mid surging sovereign-bond yields and concern the region’s financial crisis is worsening.
The dollar dropped against most major peers as a government report showed U.S. economic growth slowed in the second quarter and the Federal Reserve prepared to meet next week. The ECB and Bank of England will also meet next week. The South African rand and New Zealand dollar climbed as risk appetite increased and stocks rallied.
“The euro has done quite well this week,” Shaun Osborne, chief currency strategist at Toronto-Dominion Bank (TD)’s TD Securities unit in Toronto, said in a telephone interview. “Yields running up in Italy and Spain prompted the ECB to be a little bit more proactive in their management of this issue.”
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.