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
Most Viewed Companies
Ticker Price Volume
BURUJ 52.75 114,691
RIBL 23.35 1,369,393
ALKHODARI 66.25 448,955
SPIMACO 48.8 1,902,914
EMAAR 10.45 6,559,365
SECO 17.15 3,999,373
WALAA 29.8 443,541
Recent News

GFH signs US$105 million Murabaha Agreement with KFH
Gulf Finance House (GFH) would like to inform its shareholder and markets that it has signed an agreement for a US$105 million credit facility from Kuwait Finance House – Bahrain (KFH-Bahrain). The f

RED SEA HOUSING ANNOUNCES THE APPOINTMENT OF 3 BOARD MEMBERS
During its meeting that was convened on Tuesday 26-08-2014 corresponding to 30-10-1435 to discuss the Agenda items, the Board of Red Sea Housing Services Company has approved the appointment of three

US DOLLAR MOSTLY HIGHER, EVEN ON DEFICIT PANEL FAILURE
A bi-partisan committee designed to find a solution to the debt crisis in the US has failed. As a result, US stocks are in free fall today. The US dollar, though, is mostly higher in Forex trading.

Forex Market: EUR/SEK daily trading outlook
Yesterday’s trade saw EUR/SEK within the range of 9.1624 – 9.1402. The pair closed at 9.1486, losing 0.10% on a daily basis.

At 6:30 GMT today EUR/SEK was up 0.03% for the day to trade at

NZ, Canadian Dollars Rise as Corporate News-Flow Drives FX Markets
The New Zealand Dollar outperformed in overnight trade, rising as much as 0.4 percent on average against its leading counterparts. The move followed the announcement of a partnership between dairy gi

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?