21 Jan '11, 11pm

Euro leaps against US dollar as German confidence soars

NEW YORK: The euro rose sharply against the US dollar on Friday after business sector confidence hit a record high in Germany, Europe's biggest economy. The European currency fetched $1.3611 dollars around 2200 GMT, up from $1.3472 late Thursday in New York. The dollar, meanwhile, fell to 82.60 yen from 82.98 yen the prior day. The euro, which was trading below $1.30 at the beginning of the month, climbed to an intraday peak of $1.3626, its highest level since November 23. "News that German business confidence, the Ifo index, rose to a record high due to booming exports to Asia and stronger household spending growth, helped the euro sustain gains versus all of the majors," said Kathleen Brooks, an analyst for trading site Forex.com. German business confidence began the new year at record highs, the Ifo institute said Friday, good news for the 17-nation eurozone as it grapp...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Euro rises against dollar after EU meeting - Ch...

channelnewsasia.com 19 Jan '11, 3am

TOKYO: The euro was higher versus the dollar in Asian trade on Wednesday despite a lack of fresh support from European fin...

FOREX-Euro gains as demand, German data fosters...

sg.news.yahoo.com 18 Jan '11, 9am

* Dollar index hits 2-month low * Dollar/yen pressured by Japanese exporters * Euro hits 1-mth high, nears resistance arou...

FOREX-Euro extends gains, rises 1 percent vs do...

sg.news.yahoo.com 21 Jan '11, 8pm

NEW YORK, Jan 21 - The euro extended gains rising more than 1 percent to a session peak of $1.3614 on electronic trading p...

Euro hits one-month high against US dollar afte...

channelnewsasia.com 14 Jan '11, 11pm

NEW YORK: The euro picked up more ground against the US dollar on Friday, sustaining a five-day march upward on the back o...

Euro surges against US dollar after positive de...

channelnewsasia.com 13 Jan '11, 10pm

NEW YORK: The euro pushed higher against the dollar on Thursday after new debt auctions by Spain and Italy burnished Europ...

Euro-dollar stable on forex markets

channelnewsasia.com 20 Jan '11, 11pm

NEW YORK: The euro stabilised against the US dollar on Thursday after a steady march upwards, with the dollar benefiting f...

Euro rises, tops US$1.35 before retreat

channelnewsasia.com 19 Jan '11, 11pm

NEW YORK: The euro continued its upward march on Wednesday topping $1.35 before pulling back, as confidence grew in the eu...

US dollar sinks to three-month euro low

channelnewsasia.com 01 Feb '11, 11pm

NEW YORK: The US dollar slid on Tuesday against other major currencies, hitting a three-month low against the euro, as sur...

Euro at three month high versus dollar

channelnewsasia.com 02 Feb '11, 3am

TOKYO: The euro hit a three-month high against the dollar in Asian trade on Wednesday as higher share prices and surprisin...

FOREX-Euro off 2-mth high vs dollar, Ireland in...

sg.news.yahoo.com 24 Jan '11, 12pm

* Euro climbs to two-month high against dollar * Volatile price swings; euro zone inflation a concern * Euro new year rall...

The S'pore dollar reached a new high, hitting $...

straitstimes.com 01 Feb '11, 11pm

The currency hit $1.2756 to the greenback during trading on Tuesday after being around $1.28 a week ago. -- ST PHOTO: AZIZ...

A German man who shipped hundreds of tarantulas...

straitstimes.com 20 Jan '11, 2am

A tarantula confiscated by the US Fish and Wildlife Service is shown in this handout photo. -- PHOTO: REUTERS LOS ANGELES ...

US dollar falls despite Egypt turmoil

channelnewsasia.com 31 Jan '11, 10pm

NEW YORK: Currency traders brushed aside tensions in Egypt on Monday, buying into the riskier euro and shifting away from ...

Euro passes US$1.37 for first time since November

channelnewsasia.com 25 Jan '11, 11pm

NEW YORK: The euro rose past $1.37 for the first time since November in trading on Tuesday but the greenback moved up agai...

Higher business confidence for S'pore SMEs (via...

straitstimes.com 21 Jan '11, 12pm

SMALL and medium-enterprises (SMEs) here are increasingly bullish about their prospects thanks to Singapore's booming econ...