Latest News:  
Beijing   Overcast/Light rain    13 / 7 ℃  City Forecast


U.S. dollar narrowly mixed amid debt talks


09:01, November 29, 2012

NEW YORK, Nov. 28 (Xinhua) -- The U.S. dollar traded narrowly mixed against its major counterparts on Wednesday as investors were cautious amid bipartisan talks on a budget deal.

Traders were worried that if the Congress cannot reach a deal by the end of the year, a series of automatic tax increases and government spending cuts will drag the economy back into recession.

Tensions intensified in the previous session as Senate Majority Leader Harry Reid said that there has been "little progress" in dealing with the "fiscal cliff."

However, concerns eased on Wednesday after House Speaker John Boehner, an Ohio Republican, said he is optimistic that lawmakers can "avert this crisis sooner rather than later."

Meanwhile, President Barack Obama said separately at the White House that he hopes the deal can be reached before Christmas. In late New York trading, the euro fell to 1.2932 dollars from 1.2934 of the previous session while the British pound dipped to 1.6015 dollars from 1.6018.

The dollar slipped to 0.9307 Swiss francs from 0.9309, and to 0. 9926 Canadian dollars from 0.9943.

The dollar bought 81.90 Japanese yen, lower than 82.17 in the previous session.

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?


Leave your comment0 comments

  1. Name


Selections for you

  1. Veterans reluctant to leave the barrack

  2. Peacekeeping taskforce returns home

  3. 'Milk rain' bothers Europe Union

  4. China launches new communication satellite

  5. 5 officials fired over kids' lunches

  6. China stocks extend losses

  7. The Winter Appeal of Xijiang Miao Village in Guizhou

  8. Beautiful models in Chinese colleges

Most Popular


  1. Will China run out of water by 2030?
  2. What’s behind pupils' bread and milk lunch?
  3. China's solar panel seeking revival at home
  4. Currency swaps to take on bigger role
  5. China's rise opportunity, rather than threat
  6. China's economy picking up steam
  7. Debt crisis handicaps EU foreign affairs
  8. US not a bystander of Israeli-Palestinian conflict
  9. What a successful woman needs ?
  10. Commentary: Experimental financial reforms

What’s happening in China

Detective-Conan-themed Lawson convenience store opens in Shanghai

  1. Fired officials aided poachers
  2. Whistle-blower arrested for economic crimes
  3. Police chief helped drug dealers: cops
  4. Birth rule could be relaxed
  5. Scandal-hit liquor maker tumbles for 3rd day