Egypt posts record EGP629b primary surplus in 2024/25    EGP swings vs. USD in early Sunday trade    EGX launches 1st phone app    Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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U.S. Dollar Climbs Against Major Currencies
Published in Amwal Al Ghad on 20 - 07 - 2012

The U.S. dollar advanced against the euro and some other major currencies Friday, as appetite for risk assets weakened before the weekend and as investors remained focused on the euro-zone debt worries.
The ICE dollar index DXY +0.00% , a measure of the greenback against a basket of six major global currencies, traded at 82.990, compared with 82.926 in North America Thursday.
The euro EURUSD -.00% fetched $1.2265, compared with $1.2272, ahead of a conference call of euro-zone finance ministers, where they are expected to formally approve an agreement to lend up to €100 billion euros to Spain to capitalize the nation's lenders.
On Thursday, Germany's lower house of parliament voted overwhelmingly in favor of the move.
“The Eurogroup meeting keeps the focus on Europe's woes and the lack of clarity around the support for Spanish banks. No change there. Euro weakness has been the main theme for FX markets and remains the case," said Kit Juckes, a currencies strategist at Société Générale.
The WSJ dollar index XX:BUXX +0.00% , a new benchmark of the greenback's moves against a basket of some of the world's most heavily traded currencies, was at 71.93, compared with 71.89.
Among other major currencies, the British pound GBPUSD -.00% eased to $1.5693 from $1.5720 and the Australian dollar AUDUSD -.00% inched down to $1.0414 from $1.0427.
Against the Japanese unit USDJPY -.00% , the greenback was changing hands at ¥78.56, little changed from ¥79.57.
The dollar's gains came against the backdrop of a risk-off environment in Asian equity markets, with most regional benchmarks staging a retreat.
Standard & Poor's 500 Index SPX +0.27% futures were down 3.80 points, or 0.3%, to 1,368.10 and Dow Jones Industrial Average DJIA +0.27% futures dropped 26 points, or 0.2%, to 12,854.00, also reflecting weak sentiment after a three-day winning streak on Wall Street.
Source: Market Watch


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