Dollar declines as euro recovers

08:21, November 18, 2010      

Email | Print | Subscribe | Comments | Forum 

The U.S. dollar slipped against major currencies in late New York trading on Wednesday as the euro recovered on the news that Ireland might get help to solve its debt problems.

The euro slid to 1.3460, a seven-week low, against the dollar in earlier trading on Wednesday, but later as Ireland committed itself to working with a European Union-IMF mission on urgent steps to help its stricken banking sector, the pair recovered to above 1.35.

Meanwhile, the U.S. Labor Department said on Wednesday that U.S. Consumer Price Index rose by 0.2 percent last month, an increase from September's 0.1-percent rise. Wall Street analysts had expected a slightly larger increase. It was the fourth straight rise.

The less-than-expected data showed the consumer prices' rise was moderate, and supported the Fed's newly announced monetary easing policy.

The dollar index, a measure of its performance against six currencies, was down near 78.889 on Wednesday, retreating from Tuesday's seven-week high of 79.461.

Source: Xinhua

In late Wednesday trading, the dollar bought 83.28 Japanese yen, unchanged from its trading late Tuesday, and the euro rose to 1. 3522 dollars from 1.3490.

The British pound rose to 1.5899 dollars from 1.5879. The dollar dropped from 0.9959 to 0.9920 against the Swiss franc, but rose to 1.0236 Canadian dollars from 1.0216.


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion