FOREX-Euro touches then falls from 3-wk high vs dollar; Fed ahead


26/04/2012 22:44 AST  Reuters

The euro pulled back from a three-week high against the dollar hit earlier on Wednesday as investors repositioned ahead of a policy statement from the U.S. Federal Reserve.

Most traders expect the Federal Reserve to restate its intention to keep rates near zero throughout 2014 and possibly hint at more easing, especially after recent weaker jobs data. Such comments could be positive for the single currency.

However, traders expected any gains in the euro on the Fed statement to be limited as the currency remained vulnerable to budget problems and political uncertainty in several euro zone countries.

For more on this Click Here

Forex News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP
Most Viewed Companies
Ticker Price Volume
RIBL 21.6 469,326
STC 74.94 224,478
EMAAR 11.6 60,373,531
SPIMACO 52.36 328,340
MESC 20.32 1,643,459
SABIC 135.42 2,798,304
HOKAIR 123 244,145
Recent News

SABIC signs agreement with German company to fast-track R&D catalysis
The Saudi Basic Industries Corporation (Sabic) has entered into an agreement with hte in Heidelberg, Germany, to set up a satellite laboratory for high throughput experimentation to increase its rese

Omniyat launches twin-tower project
Omniyat, a leading development group in the Middle East, has unveiled The Sterling By Omniyat, a gleaming twin-tower project in the prestigious Burj Khalifa District.

The distinguished pr

Mubadala units drive revenue growth during first half
Mubadala Development, the strategic investment vehicle owned by the Abu Dhabi Government, said revenue and operating income rose in the first half of the year, mainly because of higher sales and inco

Bourse remains in higher trajectory near 14,400 mark
Foreign institutions’ net bought equities worth QR264mn to place the Qatar Stock Exchange in a higher trajectory near the 14,400 mark during the week as Standard and Poor’s-Dow Jones officially place

Kuwait’s sovereign funds need to be tapped for development goals
The Kuwaiti authorities are right to press ahead with a new five-year development plan. The country’s first such plan covered the period from 2010-2014 and had committed investments of $105 billion.<

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?