Breaking News

Dollar hits an eight-month high, Euro dives.

News Date: 25/11/2015 09:58:01
Update Date: 25/11/2015 10:14:29

Euro was knocked out after Reuters reported that EBC officials are weighing in how to ease monetary policy further next week and beyond, including deeper negative rates for banks, and an expansion of the current quantitative easing program. Euro plunged to a new 7-month low against dollar at 1.0581 with a 0.57% loss. It lost 0.67% against sterling to 0.7008. It fell to its lowest since April against yen at 129.98 with a 0.34% loss.


Dollar has accelerated on the backdrop of Euro's losses, with its index touching an eight-month high at 100.11 with a 0.43% profit. Dollar rose 0.27% against yen to 122.85. It edged down a bit however against sterling to 1.5096.


European shares rallied today, as the shooting down of a Russian warplane by Turkey yesterday didn't seem to entail any escalations of the kinds feared earlier. The pan-European index FTSEurofirst 300 jumped 1.45% to 1.502. Britain's FTSE gained 46 points, or 0.74% to 6,323. Germany's DAX surged 187 points, or 1.71% to 11,121. France's CAC 40 added 64 points, or 1.33% to 4,884.


Wall Street opened slightly up before treading back to the red, with Dow Jones down 5 points, or 0.04% to 17,806. S&P 500 slipped two points, or 0.10% to 2,087. NASDAQ traded flat at 5,105.


Crude oil prices returned to decline, with U.S. crude futures plummeting 2.36%, or a dollar to $41.86 a barrel. Brent futures for January lost a dollar as well, or 2.20% to $45.09 a barrel.


Gold and silver prices gave up ground too, as the advancing dollar makes dollar-denominated metals more expensive for holders of other currencies, and therefore less attractive. Gold futures lost $4.60, or 0.43% to $1,069.30 an ounce. Silver futures dipped 9 cents, or 0.66% to $14.06 an ounce.  


Latest news

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

More News