Add to Favorites  |  Make ChineseMOL as your homepage Member Credibility Check  Sign In  Join Now  changshang.com
Chinese manufacturers online' logo
  Search  
   Home >> News >> China Business Guide
News Detail
  • Dollar up against euro, down against yen
  • Source:Xinhua  Date:January-19-2008  Editor:CMO   
  •  The U.S. dollar rose against the euro but fell against the yen Friday as news of a U.S. economic stimulus package calmed investors. The greenback was also bolstered as the preliminary reading of consumer sentiment index for January came in higher than expected. Increased consumer sentiment prompted some risk takers to move into carry trades where they borrow low-yielding currencies such as the yen to buy assets in higher yielding currencies. In late New York trading, the euro fell to 1.4622 dollars from 1.4673 dollars Thursday. The British pound slipped to 1.9681 dollars from 1.9713 dollars, dragged down by disappointing retail sales data in Britain. The dollar fell to 106.67 yen from 107.00 yen and 1.0990 Swiss francs from 1.1003 Swiss francs. It fell to 1.0282 Canadian dollars from 1.0299 Canadian dollars

Member Section
China News

About CMO - Leadership - Investor Relations - Contact us
Copyright Notice ® Copyright 2004-2007 www.ChineseMOL.com All rights reserved.
Tel: (001)973-299-9888  Fax: (001)973-299-9788  E-mail: info@chinesemol.com