Browse related articles
Here is last Wednesday's daily update. The weekly HSBC currency report was not published due to a national holiday in the UAE:
- The dollar fell across the board amid doubts over the United States' ability to attract sufficient overseas inflows to offset a ballooning U.S. current account deficit while U.S. interest rates remain at the lowest level since 1958.
- U.S. industrial production expanded 0.8 pct in January, the biggest gain since November, but the data had no major impact as markets were more focused on U.S. capital inflow data that slipped to $75.5 billion in December from $87.5 billion in November.
- In Japan, Government data showed that the Japanese economy grew by a bigger-than-expected 1.7 pct in October-December from the previous quarter. However, the data failed to support the yen on suspected yen-selling intervention.
- Sterling surged to $ 1.9098, a new 11-year high, on news that Britain's Vodafone had withdrawn from a multi-billion-dollar auction for U.S. firm AT&T Wireless, which was seen as creating an inflow to the dollar from sterling.
US dollar recovers some ground
Late last week the US dollar gained some ground after a long losing stretch against the euro. But it was a roller-coaster week with the situation looking very different on Wednesday.
United Arab Emirates: Monday, February 23 - 2004 at 11:25
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
HSBCMonday, February 23 - 2004 at 11:25 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds