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

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News