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

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%. And in light of OPEC
10-2022 05 04:16:02

The US dollar fell to its lowest level in two weeks at the beginning of trading on Tuesday, due to the high risk sentiment, while the sterling pound maintained its recent gains after the British gove
10-2022 04 07:12:28

Japanese stocks opened today’s trading on a positive note, dragging its indices to the upside, especially chips and energy stocks. So, the Nikkei index rose by 1.07% to reach 26,215.79 points,
10-2022 03 03:36:24

Wall Street closed yesterday evening sharply lower, because of some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's c
09-2022 30 03:07:57

The futures contracts for oil witnessed an increase, as it rose by 0.16%. According to the New York Mercantile Exchange, the futures contracts for crude oil were traded in November at 82.02 dollars p
09-2022 29 02:42:06

More News