The euro remained lower in holiday-thinned trade Monday after data indicated manufacturing activity across the region area shrank for a fifth straight month. The euro EURUSD -0.10% changed hands at $1.2925, down from $1.2996 at the end of the previous
The euro fell to a decade low versus the Japanese yen on Monday as concerns about the financing needs of indebted euro zone countries continued to weigh on the shared currency, though moves were exacerbated in holiday-thinned trade. The euro fell as low
HSBC’s manufacturing PMI showed that South Korea and Taiwan are still in the contraction zone with both indices printing figures below the 50.0 threshold. Activity in Korea slumped to a nearly 3-yr low with the export sector suffering a big decline in
Public sector undertakings (PSUs) have come to play an increasingly important role in the country’s export performance. This is revealed by an analysis of the export and foreign exchange earnings performance of the 50 PSUs during the last three years,
Needn’t show MTM losses on some counts till decade-end; many may choose to write back Sept losses. Friday’s accounting rule relaxation order from the Union ministry of corporate affairs should again lift the shares of companies that had taken a beating
The pair is set to start the year on a similar basis that it finished last year and given that concerns surrounding Italy’s debt problems only intensified in December indicates that the pair is unlikely to reverse course until the ECB pledges further
The euro trimmed losses against the U.S. dollar and the yen in subdued trade on Monday, as trading volumes remained thin with financial markets in Asia, the U.K. and the U.S. closed for the New Year holidays. During European morning trade, the euro pared
The euro fell to a decade low versus the Japanese yen on Monday as concerns about the financing needs of highly indebted euro zone countries plagued the shared currency into the new calendar year, though moves were exacerbated in holiday-thinned trade.
After a first failed attempt to stay above 0.9400 during the Asian session, the USD/CHF declined ahead of the European session. When it opened, a new buying pressure pushed the pair back again to 0.9400 levels, but for a short period of time. At the
The exchange rate of the US dollar against the Kuwaiti dinar stood at KD 0.278, and the Euro dropped to KD 0.360 against the Kuwaiti dinar on Monday, said the daily bulletin of the Central Bank of Kuwait (CBK). The Sterling pound stood at KD 0.430, the