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Euro climbs to its highest level in 5 weeks against the dollar and the yen
The euro currency
PUKmedia for Reuters 01/26/2012 20:24:06
Euro its highest level in five weeks against the U.S. dollar and the Japanese yen today, Thursday, 01/26, after that encouraged strong U.S. economic data and signs of the survival rates in the United States low for years to come, encouraged investors to buy high-risk assets.
And new orders rose for the jobless in America last week, but the underlying trend continues to point to an improvement in labor market conditions. The data also showed that new orders for manufactured goods in the United States recorded a larger increase than expected in December, has also recovered a key measure of business spending plans.
The data came a day after the U.S. central bank is likely to postpone the time a possible increase in interest rates until late 2014, by which time a late 18 months earlier than expected. Said Ben Bernanke, Federal Reserve Chairman said the central bank is ready to provide additional incentives for the economy.
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The euro currency
PUKmedia for Reuters 01/26/2012 20:24:06
Euro its highest level in five weeks against the U.S. dollar and the Japanese yen today, Thursday, 01/26, after that encouraged strong U.S. economic data and signs of the survival rates in the United States low for years to come, encouraged investors to buy high-risk assets.
And new orders rose for the jobless in America last week, but the underlying trend continues to point to an improvement in labor market conditions. The data also showed that new orders for manufactured goods in the United States recorded a larger increase than expected in December, has also recovered a key measure of business spending plans.
The data came a day after the U.S. central bank is likely to postpone the time a possible increase in interest rates until late 2014, by which time a late 18 months earlier than expected. Said Ben Bernanke, Federal Reserve Chairman said the central bank is ready to provide additional incentives for the economy.
[You must be registered and logged in to see this link.]
