Category: News Feeds
Dollar Continues to Strengthen
The dollar held near a 3-1/2-year high against the yen and was little changed against the euro on Monday after last week’s stronger-than-expected U.S. jobs growth fueled speculation the Federal Reserve could back off its ultra-loose monetary policy sooner than anticipated.
Euro Dips Below the Comfort Level
The euro slipped against the dollar Monday as caution ahead of a round of monetary policy meetings this week pushed the currency to its lowest level against the greenback in over two months.
The euro traded at $1.3019, down from $1.3066 late Friday.
Euro Official, in New Role, Aims to Mend Rift Over Austerity
English: Euro bank records Türkçe: Euro banknotlar (Photo credit: Wikipedia)
BRUSSELS — Jeroen Dijsselbloem, a newly inaugurated boss of a organisation of ministers overseeing a euro, pronounced on Monday he wanted to reanimate a difference over purgation policies that had bred distrust between southern and northern nations regulating a currency.
Mr. Dijsselbloem, 46, a Dutch financial minister, also pronounced he wanted to urge a status of a group, and a picture of a currency, after 3 years of near-constant crises and moments of low division.
The usually antithesis during a opinion to elect Mr. Dijsselbloem, hold late Monday, came from Luis de Guindos, a Spanish economy minister. Mr. Dijsselbloem, whose tenure lasts two-and-a-half years, told a news discussion that Mr. de Guindos offering no reason for a preference though he pronounced a Spanish pierce should not “lead to thespian consequences.”
Spain is among a countries in southern Europe to have been hardest strike by a purgation policies that northern nations like Finland, Germany and a Netherlands have insisted on as an critical resolution to a euro crisis.
