Euro falls against dollar as euro zone economy shrinks in the fourth quarter Signs that the recession is deepening in the 17 countries that use the euro pushed the currency lower against the dollar Thursday. The euro fell to $1.3346 in late trading Thursday from $1.3450 late Wednesday. Eurostat, the […]
Tag: Euro
Global shares slip from highs; Spain, Italy pressure euro
Major stock markets fell on Monday as investors booked profits on recent strong gains, while the euro slipped from multi-month highs against the dollar and yen on political uncertainty in Spain and Italy. Oil prices retreated from 4-1/2-month highs as investors paused for breath after a rally powered by signs […]
IMF Approves €3.24 Billion Facility for Greece
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday approved €3.24 billion or US$4.3 billion Extended Fund Facility (EFF) arrangement for Greece. IMF said its Executive Board completed the first and second reviews of Greece’s economic performance under a program supported by a four-year (4) Extended Fund […]
