Breaking News

Dollar retreats, Euro ticks up.

News Date: 9/12/2015 09:39:32
 

Dollar recorded losses, with its index, which measures the greenback's performance against a basket of its major peers, down near a one-month low touched on Wednesday; it was last trading at 97.76, with a 0.66% loss for the day. Dollar plummeted to a month-low against the yen at 122.10, down 0.68%. It gave up 0.73% against the euro to 1.0972. Dollar dove 0.71% against sterling to 1.5116.

 

Euro was more upbeat, after data showed Germany's trade balance recording a surplus of 20.8B for October, compared with 19.2B for September, and against forecasts of 20.0B. The surplus growth wasn't due to increasing exports however, as they fell 1.2% m\m, but imports dropped even more by 3.4%, against forecasts of a smaller 0.9% decline. With all that in the background; Euro's index hit a five-week high at 88.22, gaining half a percent. Euro inched up 0.03% against the yen to 133.93.

 

European shares slid to a seven-week low, amid worsened outlook for energy and mining companies, and as the U.S. Fed prepares to raise interest rates for the first time in nearly a decade. The pan-European index FTSEurofirst 300 lost 0.64% to 1,428. Germany's DAX shed 100 points, or 0.94% to 10,573. France's CAC 40 dropped 50 points, or 1.14% to 4,628. Britain's FTSE was more resilient, giving up just 12 points, or 0.20% to 6,122.

 

Oil prices pared some of their gains but were still up for the day, with U.S. crude futures rising 30 cents, or 0.86% to $37.84 per barrel. Brent futures are up 20 cents, or 0.52% to $40.48 a barrel.

 

Gold futures rose strongly, gaining $8.50, or 0.79% to $1,083.80 an ounce. Silver futures were even more upbeat, advancing 1.34%, or 19 cents to $14.30 an ounce.

 

Wall Street extended its losses, with Dow Jones retreating 17 points, or 0.10% to 17,545. NASDAQ fell 22 points, or 0.44% to 5,075. S&P 500 shed 4.4 points, or 0.22% to 2,058.70.          

 

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements