The euro gained ground against the dollar late on Friday after getting a lift from a better-than-expected improvement in the Ifo business confidence survey in Germany
Published:
20 December 2004 y., Monday
The euro gained ground against the dollar late on Friday after getting a lift from a better-than-expected improvement in the Ifo business confidence survey in Germany.
In late European trading, the single European currency was at $1.3283, up from $1.3237 late on Thursday in New York. The dollar stood at 104.28 yen compared with 104.76 on Thursday.
The euro shed earlier gains against the dollar as investors continued to close out positions and book profits ahead of the year-end. "Year-end profit-taking and position squaring together with the deterioration in the technical outlook suggests the euro will remain under pressure against the dollar in the near-term," said Hans Redeker, global head of FX strategy at BNP Paribas.
The euro, which had fallen strongly on Thursday against the dollar on a smaller-than-expected third quarter US current account deficit, climbed as high as $1.3317 early Friday on news that a key indicator of German business confidence rose to its highest level in eight months.
On the London Bullion Market, the price of an ounce of gold stood at $438.90 against $439.50 late on Thursday.
Šaltinis:
AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Meteor lights are the most innovative solar LED lighting product. Available in two shapes: round or square. In five standard colors: red, green, blue, amber and white. Since no wiring is required, they are simple to incorporate into any new or existing design.
more »
The US financial crisis and global ripple effects, including the EU and Lithuania, have been among major issues discussed between Prime Minister Gediminas Kirkilas and EU Commissioner responsible for Economic and Monetary Affairs Joaquin Almunia in their meeting earlier.
more »
Statistics Lithuania informs that real earnings in the whole economy, individual enterprise included, in 2007 compared to 2006 increased by 17 per cent, in the public sector – by 13 per cent, in the private sector – by 19.9 per cent.
more »
thinkAlchemy and Green Pixel, LLC have launched a green marketing initiative: MillionDollarGreenPixel.com where environmentally conscious companies can buy advertising space in various pixel sizes and advertise their websites to conscientious consumers.
more »
LG Electronics (LGE), a global leader and technology innovator in consumer electronics, unveiled its latest products at IFA 2008 in Berlin from August 29 to September 3.
more »
Wincor Nixdorf International GmbH announced termination of its relations with Inpas Company concerning supply of equipment, solutions, and also service and software support for products of Wincor Nixdorf in the territory of the Russian Federation. The above decision comes into force on 31.12.2008.
more »
According to final data presented by the Ministry of Finance, national budget revenue of the 1st half-year of the current year amounted to LTL 11 billion 161.8 million, and that was by 1.1 % over the target.
more »
Retail Banking Research Ltd. has published the latest edition of its biennial global ATM survey, “Global ATM Market and Forecasts,” which this year makes predictions out to 2013.
more »
Woking, United Kingdom, Friday 7th March 2008: Vodafone McLaren Mercedes is delighted to announce Olympus as the team’s official supplier of photographic services.
more »
The Link Interchange Network Ltd. says around 2,000 new free-to-use ATMs were installed in the United Kingdom in 2007, with more than 400 of those being located in low-income areas.
more »