Ramsey
17-09-2002, Tue 11:00 AM
عن دواوجونز نيوزواير
قبيل أفتتاح اوروبا
FOREX: The euro starts the session under pressure from the Iraqi arms inspection offer and from prospects that Wall Street shares will rally later.
Uncertainty ahead of Germany's upcoming election also took some shine off the euro.
Pausing for breath, currency traders awaited more information about a possible policy shift in Japan, following market-moving remarks by a top Japanese official at the end of last week. On Friday, Japan's Vice Finance Minister for International Affairs Haruhiko Kuroda raised the option of the Japanese government making massive sales of yen in order to reflate the economy.
The market is awaiting the outcome of the Bank of Japan's two-day policy meeting for a response.
Among other currencies, the Swiss franc may stand to lose some ground if the Iraq offer prompts save-haven seekers to take profit.
Elsewhere, Treasury Secretary Paul O'Neill said the U.S. can afford to take action against Iraq, and predicted the economy will be growing at a rate of 3% to 3.5% by year's end.
قبيل أفتتاح اوروبا
FOREX: The euro starts the session under pressure from the Iraqi arms inspection offer and from prospects that Wall Street shares will rally later.
Uncertainty ahead of Germany's upcoming election also took some shine off the euro.
Pausing for breath, currency traders awaited more information about a possible policy shift in Japan, following market-moving remarks by a top Japanese official at the end of last week. On Friday, Japan's Vice Finance Minister for International Affairs Haruhiko Kuroda raised the option of the Japanese government making massive sales of yen in order to reflate the economy.
The market is awaiting the outcome of the Bank of Japan's two-day policy meeting for a response.
Among other currencies, the Swiss franc may stand to lose some ground if the Iraq offer prompts save-haven seekers to take profit.
Elsewhere, Treasury Secretary Paul O'Neill said the U.S. can afford to take action against Iraq, and predicted the economy will be growing at a rate of 3% to 3.5% by year's end.