The dollar had its longest streak of gains against the yen since December 2001 on optimism economic expansion in the U.S. is accelerating
Published:
17 September 2003 y., Wednesday
Federal Reserve reports today showed industrial production climbed in August and manufacturing in New York State expanded for a fifth straight month in September. A survey of business economists released today predicted the world's largest economy will expand at its fastest pace since 1999.
The U.S. currency rose for an eighth day against the yen, to 117.47 yen at 5:01 p.m. from 117.20 on Friday. Japanese markets were closed today for a national holiday.
Against the euro, the dollar was little changed against the euro at $1.1283 from $1.1291 after Sweden yesterday rejected plans to adopt the currency shared by 12 countries. Browne predicted the dollar would rise as far as $1.1225 per euro in coming days.
Gains in the dollar were tempered after government figures showed the U.S. current-account deficit, the broadest measure of trade because it includes investments, held at a record $138.7 billion in the second quarter. That means the U.S. has to attract about $1.52 billion a day to keep the dollar from falling.
Šaltinis:
bloomberg.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »