euro tops 120 to hit highest level since early 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Euro tops $1.20 to hit highest level since early 2015

Arab Today, arab today

Arab Today, arab today Euro tops $1.20 to hit highest level since early 2015

The euro topped $1.20 for the first time in more than two and a half years
London - AFP

The euro topped $1.20 on Tuesday for the first time in more than two and a half years, as traders bet on the winding down of eurozone crisis-era stimulus measures.

At 0810 GMT, the single currency touched $1.2070, the highest level since early January 2015. That compared with $1.1978 late in New York on Monday.

In hotly-anticipated speeches late last week, central bank chiefs from the US and Europe sidestepped the questions of economic stimulus and monetary policy.

European Central Bank chief Mario Draghi meanwhile expressed scant concern over the euro's ongoing strength, dealers said.

"Draghi's lack of concern about the euro's recent rally provided the green light for a jump above the key $1.20 level," NFS Macro analyst Nick Stamenkovic told AFP.

"Positive sentiment looks set to persist," he said, adding that recent eurozone data had sparked optimism over the "strengthening growth picture". 

At the same time, the greenback has been hampered by jitters over US President Donald Trump's possible tax reforms, and geopolitical fears after North Korea's missile launch over Japan.

Sentiment was also dented in the wake of monster storm Harvey.

"The dollar continues to suffer from the Trump reality check," noted Oanda analyst Craig Erlam.

"His promises of spending and tax cuts been a none-mover, weighing on the dollar because of the economic impact that will be lost and because it likely means less (interest) rate hikes from the Federal Reserve.

"Geopolitical tensions, troubles within the White House and Congress, and now Hurricane Harvey pile further pressure on the greenback."

Harvey had battered into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euro tops 120 to hit highest level since early 2015 euro tops 120 to hit highest level since early 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euro tops 120 to hit highest level since early 2015 euro tops 120 to hit highest level since early 2015

 



GMT 06:49 2012 Saturday ,01 September

Lamitta Frangieh on her \'Facebook Romance\'

GMT 08:26 2017 Wednesday ,08 February

Qatar spending $500m a week on World Cup projects

GMT 17:00 2017 Tuesday ,27 June

Saudi Arabia rebuts fake news on Turkey, Israel

GMT 10:31 2016 Monday ,12 December

Second Sydney airport cleared for take off

GMT 05:27 2017 Sunday ,16 April

GIB Capital wins 4 EMEA Finance Awards

GMT 13:58 2016 Friday ,30 December

Australia beat Pakistan to win Test series

GMT 10:07 2017 Monday ,17 April

Mark Hamill would like to play George Lucas

GMT 12:10 2016 Tuesday ,13 December

Over 30 dead as Kenya tanker crashes, explodes

GMT 02:13 2017 Monday ,25 September

December22nd-January20th

GMT 15:39 2017 Tuesday ,03 October

Bangladesh rescues 20 Rohingya held by racket gang

GMT 02:51 2017 Friday ,10 November

Under siege, Syria doctors forced to improvise care

GMT 12:18 2015 Tuesday ,14 July

Russia sack Capello as national team coach

GMT 16:07 2017 Saturday ,26 August

ISIS Claims Attack on Shiite Mosque in Afghanistan

GMT 13:47 2017 Monday ,27 February

China blue chips post worst day in 2 months

GMT 02:56 2017 Tuesday ,25 July

President Jokowi performs Eid Prayers in Padang

GMT 16:21 2017 Tuesday ,03 October

Sisi greets Guinea on independence anniversary

GMT 04:18 2017 Saturday ,16 September

Kim and Kanye expecting third baby via surrogate
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday