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14/08/2001
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week.
The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
With currency markets continuing to react to news that the US economy is unlikely to experience a rapid upswing the euro has recently enjoyed one of its best periods on the foreign exchanges.
The release of the US Federal Reserve’s ‘Beige Book’ analysis last week has lifted the single euro currency when it was revealed that ongoing weaknesses in the US manufacturing sector was beginning to feed through into the retail sales sector.
The euro closed on Monday at a four-month high of almost 90 cents against the US dollar and 63 pence against sterling.
Currency trading analysts leapt to claim that the high against the US dollar could mark an important turning point for the euro which since launch has experienced a lack of confidence demonstrated by soft trading.
However, the European Central Bank’s most recent analysis of the euro-zone economy painted a cautionary picture of the euro economy that was likely to lead to an interest rate cut later this year. (SP)
The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
With currency markets continuing to react to news that the US economy is unlikely to experience a rapid upswing the euro has recently enjoyed one of its best periods on the foreign exchanges.
The release of the US Federal Reserve’s ‘Beige Book’ analysis last week has lifted the single euro currency when it was revealed that ongoing weaknesses in the US manufacturing sector was beginning to feed through into the retail sales sector.
The euro closed on Monday at a four-month high of almost 90 cents against the US dollar and 63 pence against sterling.
Currency trading analysts leapt to claim that the high against the US dollar could mark an important turning point for the euro which since launch has experienced a lack of confidence demonstrated by soft trading.
However, the European Central Bank’s most recent analysis of the euro-zone economy painted a cautionary picture of the euro economy that was likely to lead to an interest rate cut later this year. (SP)
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15 August 2001
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
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Countdown begins for the introduction of euro tender
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09 July 2001
COMPANIES WARNED NOT TO IGNORE EURO
SMALLER companies who occasionally trade in mainland Europe and Eire have been warned not to ignore the debate on whether the UK will enter the single currency.
COMPANIES WARNED NOT TO IGNORE EURO
SMALLER companies who occasionally trade in mainland Europe and Eire have been warned not to ignore the debate on whether the UK will enter the single currency.
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Northern Ireland WeatherToday:Cloudy with longer spells of rain during the morning, this rain heavy at times. Generally brighter in the afternoon, but with scattered and at times heavy showers. Maximum temperature 14 °C.Tonight:A mainly dry evening and night with isolated showers dying out and some longer clear spells. Then it will cloud over towards morning with some heavy showers. Minimum temperature 7 °C.
