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 Subject :We do not feel the ECB will be pushed into action.. 29-12-2017 07:59:48 
Joined: 09-07-2015 00:51:33
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The euro strengthened for a third day against the dollar Wilfredo Fuentes
Submitted 2014-06-30 15:43:26 The euro strengthened for a third day against the dollar after a German report confirmed unemployment fell more than economists projected , contributing to indicators the region's recovery is gathering momentum.

The common currency climbed to a two-week high versus the yen as a measure of Spanish manufacturing also increased, damping speculation the European Central Bank will boost stimulus. Sweden's krona rallied for a second day after the country's factory output unexpectedly accelerated. South Africa's rand fell after manufacturing development slowed more in March than economists predicted. South Korea's won rose to the strongest in 6 weeks as exports elevated.

"We do not feel the ECB will be pushed into action yet," said Gemma Harrison, a senior currency strategist at Cavendish Investor in London. "We will continue to see a strengthening euro in the short to midterm."

The euro rose 0.2 percent to $1.3799 at 7:07 a.m. in New York, after gaining 0.2 percent throughout the previous two days. The shared currency appreciated 0.4 percent to 142.65 yen after climbing to 142.68 yen , the highest level since March 13. The dollar strengthened 0.1 percent to 103.37 yen.

The number of people out of work in Germany dropped by a seasonally adjusted 12,000 in March to 2.9 million, after dropping a revised 15,000 the prior month, the Federal Labor Agency stated. Economists forecast a decline of 10 ,000, according to a Bloomberg survey. A gauge of Spanish factory output increased to 52.8 from 52.3, Market Economics stated, citing a survey of purchasing managers. Readings above 50 show growth.

Euro's Gain

The euro has rallied 7.9 percent in the previous 12 months, the best performer after the pound amongst 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar dropped 0.4 percent and the yen tumbled 11 percent.

Policy makers in Frankfurt will keep the benchmark interest rate at a record-low 0.25 percent on Thursday , based on all but 3 of 57 economists in a Bloomberg News survey. One forecaster predicted a cut to 0.1 percent while two called for 0.15 percent.

The krona rose versus all except two of its 16 major counterparts after Stockholm-based Swedbank AB said its index of Swedish factory output increased to a seasonally adjusted 56.5 last month from 54.6 in February.

The Swedish currency climbed 0.1 percent to 8.9035 per euro and appreciated 0.3 percent to 6.4531 versus the dollar.

Rand Drops

The rand snapped a six-day advance after South Africa's Kagiso Tiso Holdings said its measure of the nation's factory output fell to 50.3 from 51.7 in February. The median prediction in a Bloomberg survey was 51.2.

The South African currency weakened 0.5 percent to 10.5836 per dollar after appreciating 3.4 percent in the previous six days.

South Korea's won appreciated for a fifth day, gaining 0.6 percent to 1,058.70 per dollar at the close in Seoul, the strongest level since Feb. 17.

Overseas sales for the Asian nation climbed 5.2 percent in March from a year earlier, beating the 4.2 percent gain projected in a Bloomberg survey.

Australia's dollar reached a four-month high after the Reserve Bank held interest rates at a record-low 2.5 percent. It reversed gains after Governor Glenn Stevens said the currency's current climb will decrease the stimulus provided to the economy.

The Aussie gained as much as 0.4 percent to 93.04 U.S. cents , the strongest since Nov. 21, before weakening 0.3 percent to 92.39. Author Resource:- It is possible to read much more regarding Business News from our own helpful Business News 365 internet site.
Article From Article Directory Database Almost every golfer knows that they would play better golf if they had their own caddy, but unfortunately caddies do not come cheap these days. The good news is that there are two alternatives for the amateur golfer, you can have a GPS style range finder or a laser type range finder, both types have been granted as legal for amateurs to use in competition by the USGA and the R& A. In this article I will explain what the differences are among the two types , you can then make an informed decision on which type would suit you best.


The GPS range finders work via a satellite, you download a map of the courses you are going to play for which there is a fee involved when downloading these maps. With some types you have to make a yearly payment to receive the maps or you can get them as pay as you go if you prefer, you should remember that this payment is on top of your purchase price of the unit this might work out expensive if you intend on playing different courses.

When you arrive at the first tee you should make sure the GPS unit is switched on, the satellite then starts tracking your position when you are on the golf course, when you are ready to play your approach shot the GPS will give you three different yardages. One will be to the front of the green and one to the middle of the green and one to the back of the green , it will not give the exact distance to the pin as accurately as a laser range finder would, this could be a slight problem if you are looking for pin point accuracy in your shots. Some GPS units have a map on the screen that lets you know where the hazards are located on each hole you play, this could be an option you might look for when purchasing your range finder. One probl. Cheap NHL Jerseys Wholesale Jerseys Cheap Jerseys Wholesale Cheap NFL Jerseys Cheap NFL Jerseys Wholesale Jerseys Cheap NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys Wholesale Jerseys
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