• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Dollar firms on positive US outlook

Jan 04 2011 09:43 AFP

Related Articles

Dollar strengthens against euro

Weak dollar boosts gold, spurs silver

Dollar falls against euro, yen

Aussie dollar hits new post-float high

Dollar in narrow ranges

Dollar dips as risk appetite returns

 

Tokyo - The dollar gained ground against other major currencies in Asia on Tuesday on the back of an improved outlook for US economic growth, dealers said.

The dollar climbed to ¥81.87 in Tokyo morning trade from ¥81.70 in New York late on Monday.

The euro fell to $1.3341 from $1.3356. The single European currency rose to ¥109.22 from ¥109.07.

"An overnight rise in New York stocks and strong US economic data supported the dollar," said Nobuaki Tani, a dealer at Resona Bank.

"Dollar-positive sentiment on expectations of US economic recovery is likely to persist as the market awaits upcoming data such as a US employment report later this week," he said.

Among upbeat US data released on Monday, the Institute for Supply Management reported that the nation's manufacturing activity grew for the 17th straight month in December.

dollar  |  markets  |  yen  |  euro  |  us economy

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...