Euro Set for Biggest Weekly Drop in 7 Months on Debt Woes


06/04/2012 07:13 AST

The euro headed for the biggest weekly drop against the yen in seven months as Spain’s rising borrowing costs fueled concern that the region is failing to contain its debt crisis.

The 17-nation currency traded 0.3 percent from a three-week low versus the dollar before data next week that may show German exports fell and growth in French industrial production slowed, adding to evidence that the fiscal woes are hampering the region’s economies. Demand for the greenback was supported as data indicating a recovery in the U.S. labor market damped speculation the Federal Reserve will add new stimulus. The yen gained against its peers as Asian stocks fell for a third day.

For more on this Click Here

Bloomberg
Forex News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
SIPCHEM 14.36 607,486
ALMARAI 55.52 218,511
RIBL 11.05 1,217,122
GFH 0.24
SABIC 82.07 9,540,480
QNBK 139.6 146,922
EEC 29.2 452,783
Recent News

Fight against money laundering top priority
The Central Bank of Bahrain (CBB) views the fight against money laundering (AML) and combating the financing of terrorism (CFT) as a key priority, executive director for financial institutions superv

VIVA signs major accord with CSG
VIVA Bahrain has announced a partnership agreement with enterprise mobility solutions provider CSG to create an enterprise communication platform.

Primarily, this platform will provide ent

Alba registers net profit of $11.2m
Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, reported 88.6 per cent fall in first-quarter net profit as a result of a collapse in aluminium prices.

Alb

UAE – Jersey trade relations: from a tax haven to taxonomy
As with any offshore financial centre, secrecy has been synonymous with the Channel Islands of Jersey. But the reason for the strong relations between the self-governing British dependency and the Un

UAE stocks lead Gulf equity slump as bank profits decline
Equity markets in the United Arab Emirates extended declines on speculation recent gains were overdone after earnings fell at some of the country’s biggest banks. Abu Dhabi’s ADX General Index slipp

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?