Monday, March 08, 2010, Rabi ul Awwal 21, 1431 A.H  
   HOME
   News in English
   News in Urdu
   Program Profiles
   GEO TV
   GEO UK
   GEO USA
   GEO ME
   GEO CANADA
   GEO EUROPE
   GEO JAPAN
   GEO SUPER
   AAG TV
   Corporate Profile
   Tariff
   News Archive
   Contact Us
   FAQ
   Feedback
   GEO SKINS
   GEO RINGTONES
   GEO NewsAlert
   GEO Wallpapers
   Transcripts of Program
   Team GEO
   Exam Results
 
 
 GEO Business
 Dollar mixed after US jobs data
 Updated at: 1215 PST,  Monday, March 08, 2010
Dollar mixed after US jobs data TOKYO: The dollar was mixed against other major currencies in Asia on Monday as regional markets digested better-than-expected US jobs data and easing worries about Greece's debt woes.

The euro rose to 1.3680 dollars in Tokyo midday trade, up from 1.3621 in New York late on Friday, and to 123.49 yen from 123.00.

The dollar was at 90.42 yen -- off a high of 90.68 -- compared with 90.28 in New York.

Investors sold the safe-haven dollar and the yen after the US government reported fewer-than-expected job losses in February in the world's largest economy.

The euro was well supported after Greece's parliament on Friday approved a new package of tough tax hikes and spending cuts to tackle the country's debt crisis, which has dented the single European currency.

"The euro was bought back because the European Commission is to approve next week Greece's measures to cut its public debt," said Mizuho Corporate Bank market economist Daisuke Karakama.

French President Nicolas Sarkozy said Sunday that European governments were ready to help Greece pull itself out of its financial crisis if necessary.

The French president said governments of the 16-nation eurozone were working on a "certain number of specific measures" to address Greece's debt crisis but did not provide details.

"Greece's efforts should make other European leaders more comfortable with supporting Greece," said Credit Agricole economist Sebastien Barbe.
Back     |    Send this story to friend    
 
Share this story!   
 
» GEO Pakistan
Two Taliban killed in landmine explosion in SWA
PM praises women for efforts in nation building
President, PM condemn suicide attack in Lahore
Lahore blast kills 5, injures 45
Five dead in Lahore blast
   
» GEO World
Iraq polls close, attacks kill 38
Earthquake shakes eastern Turkey; 38 dead
Bullock awarded best actress Oscar
NKorea warns U.S. and South of nuclear build-up
20 killed in Turkey quake: report
   
» GEO Business
Dollar mixed after US jobs data
Oil prices higher on US jobs data
IMF wants early appointment of Pak finance minister
Oil near 8-week high on weak dollar
Substandard fuel oil export turned down
   
» GEO Sports
Spain, Russia, Serbia reach Davis Cup quarters
Sialkot Stallions completes five in a row in T20 Cup
Sialkot lifts RBS T20 trophy yet again
Germany draw with Dutch to open semis race
Argentina beat New Zealand 1-0
   
 
Copyright © GEO TV. All rights reserved.