Euro, dollar up after G20, stocks ease on growth concern

Euro, dollar up after G20, stocks ease on growth concern

Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange

(Reuters) – The euro and the dollar rose against the yen on Monday after the G20 decided not to criticize Japan for its expansionist policies, but shares eased as Europe’s weak growth outlook weighed on sentiment.

Financial leaders from the world’s 20 biggest economies promised on Saturday not to devalue their currencies to boost exports, aiming to defuse talk of currency wars that had been roiling the markets.

The euro gained 0.2 percent to 125.32 yen, edging up toward a 34-month high of 127.71 yen hit earlier this month, while the dollar rose 0.6 percent to 94 yen, closer to its highest level since May 2010 of 94.46 hit on February 11.

“Future yen direction will continue to be driven by domestic monetary policy from the Bank of Japan and improving international investor confidence, which are both driving the yen weaker,” said Lee Hardman, currency analyst at Bank of Tokyo-Mitsubishi UFJ.

More

 

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

More in

boehner-iraq

Boehner To Obama: Get A Strategy On ISIL

Streetwise_ITMay 21, 2015
Bill and Hillary Clinton at a St Louis campaign rally in 1992, Bill Clinton's final day of campaigning in St Louis, Missouri (Photo by Visions of America/UIG via Getty Images)

The Real War On Women – Chickens Coming Home to Roost

Michael BeckerMay 21, 2015
ClintonFoundation

Liberal Billionaire Steyer, Univision Also In Bed With Clinton Foundation

Steve FoleyMay 21, 2015
fcc_0

#SubCommTech Approves 7 Bills to Open FCC Doors to the American People

Steve FoleyMay 21, 2015
520rand-1250x650

Heritage: Should the NSA ‘Spying’ Program Be Illegal? What 2016 Contenders Say.

Steve FoleyMay 21, 2015
AbolishTheFCC

It’s Getting Worse: The FCC’s Internet Takeover is Not Good for Anyone.

Steve FoleyMay 21, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

February 2013
M T W T F S S
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  

Archives

Copyright © 2014 The Minority Report Network