|
Monday, 09 August 2004 09:30 |
|
* Dollar rises vs euro as risk aversion persists
* Yen supported on persistent global economy fears
* Euro zone inflation plunges (Recasts, adds comments, changes dateline and byline)
By Vivianne Rodrigues
NEW YORK, Nov 28 (Reuters) - The dollar rose against the euro on thin trade on Friday, as weak equities markets and fears of a deepening global recession led investors to seek the U.S. currency as a haven.
Worries about consumer spending helped weigh on U.S. and European shares, while the low-yielding yen gained ground.
Extreme risk aversion and repatriation flows have been supporting the U.S. currency recently.
The euro weakened against the yen and sterling on growing expectations that slowing euro zone inflation may lead the European Central Bank to cut interest rates more aggressively next week from the current benchmark rate of 3.25 percent.
Trading volumes were lower than usual as U.S. markets reopened for only half a day after Thanksgiving Holiday. |
|
Read more...
|
|
Monday, 09 August 2004 09:30 |
|
* Euro falls vs yen, dlr on risk aversion
* EU plans 200 bln euro stimulus package; mkts still jittery
* China cuts interest rates by 108 bps, yen pares gains
(Recasts, updates to add quotes, changes byline)
By Jessica Mortimer
LONDON, Nov 26 (Reuters) - The euro fell against the yen and the dollar on Wednesday as investors were pessimistic about whether a European stimulus package will be sufficient to ease the financial crisis.
Risk aversion kept hold in financial markets on fears about the looming global recession. This pushed European shares down 1.2 percent and boosted the low-yielding yen, while further dollar repatriation flows and deleveraging supported the U.S. currency. |
|
Read more...
|
|
|
Home
