The euro hit a four-year high on Monday after U.S. Treasury Secretary John Snow said after the G7 meeting in France that recent currency realignments were "fairly modest"
Published:
19 May 2003 y., Monday
The euro hit a four-year high on Monday after U.S. Treasury Secretary John Snow said after the G7 meeting in France that recent currency realignments were "fairly modest," reinforcing speculation he is happy with a weak dollar.
The euro was quoted in Tokyo at $1.1657/62 after hitting a four-year high of $1.1688. The single currency had ended U.S. trade on Friday around $1.1600.
Snow's comments also sent the dollar down to 115.43 yen from 115.87/95 in late U.S. trade. It bounced back a little to 115.62/67 on wariness that the yen's strength would invite intervention by Japan, which is worired about exports.
Ministers from the Group of Seven richest nations omitted reference to foreign exchange in their statement after a meeting in Deauville, France over the weekend.
Analysts said this indicated the ministers were not worried about recent currency volatility and that the trend towards a weaker dollar would be maintained.
Šaltinis:
cnn.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
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »