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
The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk.
more »
The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis.
more »
Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased.
more »
According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions.
more »
The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey.
more »
On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107.
more »
Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures.
more »
The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million).
more »
The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA).
more »