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
QNBK 133.5 479,319
YAMAMAHSTEEL 40.4 8,857,095
MAADEN 38.3 1,692,385
SABIC 82 4,472,173
BRES 30.3 576,799
TAWUNIYA 85.25 28,380
EEC 27.3 259,846
Recent News

CBB directives to Islamic banks
Central bank of Bahrain (CBB) has issued directives concerning general disclosure of capital elements at Islamic banks and information related to overall capital adequacy. CBB issued similar direc

Seminar focus on implications of VAT roll-out
KPMG in Bahrain is organising a seminar on value-added tax (VAT) next week to discuss the imminent introduction of VAT and its implications on the business environment in the kingdom. The event w

Oman’s refineries to raise regular grade petrol production
Oman’s refineries will enhance production of regular grade petrol and reduce output of super grade petrol to match a growing demand for the former product in recent months, undersecretary at the Min

QC urges businesses to harness investment opportunities in sports
A private sector group is coordinating with ministries concerned for the staging of international exhibitions for sports companies to provide local businesses access to business opportunities related

Ahli Bank appoints new deputy CEO for retail banking
Ahli Bank has appointed Hassam Ahmed al-Efrangi as deputy chief executive of retail banking division.

“His appointment is line with our human resources strategy of recognising internal talen

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?