Business

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

Business
@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.

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.

More in Business

A customer holds an iPhone 6  and iPhone 6 Plus after the phones went on sale at the Fifth Avenue Apple store in Manhattan, New York

Thanks to iPhone 6 sales, Apple ties with Samsung for top smartphone rank

Candice LanierJan 29, 2015
inet

Leader of Soros-Founded INET: Rich are Ready to Flee in Case of Uprising

Steve FoleyJan 29, 2015
IBM_CeBIT_2010 via Patrick H Flickr Wiki-s

Layoffs- Is IBM Prepping The Big One?

Streetwise_ITJan 27, 2015
IMG_1910.0.0

Big Government Liberal Policies Kill Another Restaurant in San Francisco

Steve FoleyJan 27, 2015
528

Steve Jobs’ Most Important Products

Candice LanierJan 26, 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