- Breaking News LEAD: N. Korea calls for end to hostile relations with U.S
- Breaking News H.K. people march for democracy, release of Chinese dissident
- Breaking News N. Korea urges pro-Pyongyang body in Japan to help improve ties
- Breaking News 2ND LD: Death toll from suicide attack in Pakistan rises to 95
Dollar rallies after Greenspan fails to hint at pause in US rate hikes
0 Comments | AFP, June, 2005
LONDON (AFP) — The dollar firmed against other major currencies as the market breathed a sigh of relief that Federal Reserve Chairman Alan Greenspan failed to hint at any pause in US interest rate hikes.
The euro retreated to 1.2217 dollars in late European trading, from 1.2227 late on Wednesday in New York.
The dollar rose to 107.48 yen, from 107.26 on Wednesday.
Greenspan delivered what was interpreted as a fairly hawkish testimony before the Joint Economic Committee of Congress.
The market had been looking to see whether the Fed chief would echo recent comments by Dallas Fed president Richard Fisher suggesting that the end of the tightening phase was near.
"The speech will disappoint those expecting Greenspan to back Fisher's comments,"...
- Getting to the root of beautiful hair: shiny, silky hair begins with a healthy scalp - includes list of resources and a recipe for an herbal scalp tonic
- Portfolio forecasting tools: what you need to know
- Made from scratch: When Honda built a plant in Alabama it also built a workforce-using local workers who had no experience in making cars - Recruitment & Hiring
- Industry Experts Launch Money Management Resources to Help People Overcome Debt and Learn Proper Money Management Practices
- Why fly solo when an executive assistant can accelerate your CLNC® business?
- Banking technology, technological learning and competition: comparative case studies in Thai banking
- John Seely Brown Inducted Into 2004 Industry Hall of Fame
- Building successful logistics partnerships