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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 33.39 983,520
ALKHODARI 32.08 1,468,085
RIBL 17.99 1,755,130
SABIC 103.04 4,901,753
SPIMACO 47.99 970,703
ACIG 40.81 985,535
ALMARAI 90.54 386,049
Recent News

SAMA net foreign assets drop to SR2.546 trillion in April
Net foreign assets at Saudi Arabian Monetary Agency fell to SR2.546 trillion ($678.8 billion) in April, down by $11.8 billion or 1.7 percent from the previous month as the Kingdom drew on its reserve

Traveling show reflects Jeddah’s march toward smart city
A glimpse of Jeddah’s future status as a smart city can be had at a traveling show of the ongoing and future development projects across the city and the province.

The show — 4th annual trav

Dollar soars to 12-yr high against yen
The dollar soared to its highest level against the yen in more than 12 years on Thursday, powered by expectations for a US interest rate hike and more monetary easing from Japan’s central bank. The g

Kingdom and India hold talks on stronger trade ties
Commerce and Industry Minister Tawfiq Al-Rabiah and India’s Finance Minister Arun Jaitley co-chaired the 11th Saudi-Indian Joint Commission meeting in New Delhi on Thursday, with talks focused on str

Japanese investment in Jubail’s petrochemicals hits SR34 billion
The investment volume in Jubail has reached SR560 billion, including SR501 billion for the private sector, with its petrochemical sector accounting for SR34 billion of Japanese investment, according

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?