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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 29.91 104,296
SABIC 93.8 3,597,712
STC 67.77 570,542
JULPHAR 2.6
EEC 31.18 15,012,922
CHEMANOL 11.21 1,391,250
TAWUNIYA 102.9 363,266
Recent News

Tunisian firms prepare to issue Islamic bonds
TUNIS: Tunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labor unrest an

Tourism, realty sectors aided UAE's 2014 GDP
The UAE's gross domestic product (GDP) in 2014 was supported mainly by its safe haven status amid regional instability, its tourism and hospitality sectors and a rebounding real estate sector, said t

45% of Emirati families' income spent on basics
An ordinary Emirati household's spending on food, housing rental, water, electricity, gas, phone bills, furniture fixtures, salaries of domestic servants and other essential supplies represented abou

Burgan Bank Offers Benefits For New Recruits In Gov And Oil Sectors
Burgan Bank announced its latest promotion which grants first time employees in both the government and oil sectors, who transfer their monthly salaries to the bank, with matchless benefits through A

Dubai Meydan One project’s record breakers
The Meydan One project in Dubai, unveiled this evening, is big in every respect. So big in fact the developer envisages it breaking not just one record, but five when the project is scheduled for com

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?