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


26/04/2012 22:44 AST

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

Reuters
Forex News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 22.75 515,786
QNBK 169.5 339,136
GFH 0.26 56,595
ALMAL 21.5 256,466
DHBK 39.15 307,777
JARIR 106.75 67,228
RIBL 10.35 464,893
Recent News

Orpic’s 290-km long pipeline to be commissioned in 2017
Oman Oil Refineries and Petroleum Industries Company (Orpic) on Monday said that the company’s 290-km-long pipeline to connect Mina Al Fahal refinery in Muscat with its Sohar refinery, will be commi

MSM divides listed stocks into six separate sub-segments
In an attempt to club all blue chip stocks under a separate market segment, the Muscat Securities Market (MSM) has divided listed joint stock companies into six different sub-segments.

All

Bank Muscat SME push makes headway
Bank Muscat, the flagship financial services provider in the Sultanate, on Monday (29 September 2016) marked a new session of al Wathbah Academy in Muscat as part of its ‘Let’s Do More’ vision and co

Oman-China JV to invest RO 84m in four retail hubs
An agreement is due to be signed here tomorrow for the establishment of a network of four shopping and commercial hubs in key locations around the Sultanate. Total investment in the four centres, wh

Global currency traders can’t lose as strategies reap positive returns
Everyone’s a winner in the $5.3tn-a-day global currency market this year. For just the second time in the past decade, three major foreign-exchange trading strategies are all producing positive retu

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?