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14/08/2001
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week.
The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
With currency markets continuing to react to news that the US economy is unlikely to experience a rapid upswing the euro has recently enjoyed one of its best periods on the foreign exchanges.
The release of the US Federal Reserve’s ‘Beige Book’ analysis last week has lifted the single euro currency when it was revealed that ongoing weaknesses in the US manufacturing sector was beginning to feed through into the retail sales sector.
The euro closed on Monday at a four-month high of almost 90 cents against the US dollar and 63 pence against sterling.
Currency trading analysts leapt to claim that the high against the US dollar could mark an important turning point for the euro which since launch has experienced a lack of confidence demonstrated by soft trading.
However, the European Central Bank’s most recent analysis of the euro-zone economy painted a cautionary picture of the euro economy that was likely to lead to an interest rate cut later this year. (SP)
The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
With currency markets continuing to react to news that the US economy is unlikely to experience a rapid upswing the euro has recently enjoyed one of its best periods on the foreign exchanges.
The release of the US Federal Reserve’s ‘Beige Book’ analysis last week has lifted the single euro currency when it was revealed that ongoing weaknesses in the US manufacturing sector was beginning to feed through into the retail sales sector.
The euro closed on Monday at a four-month high of almost 90 cents against the US dollar and 63 pence against sterling.
Currency trading analysts leapt to claim that the high against the US dollar could mark an important turning point for the euro which since launch has experienced a lack of confidence demonstrated by soft trading.
However, the European Central Bank’s most recent analysis of the euro-zone economy painted a cautionary picture of the euro economy that was likely to lead to an interest rate cut later this year. (SP)
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15 August 2001
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
16 August 2001
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
30 August 2001
Countdown begins for the introduction of euro tender
The European Central Bank (ECB) have launched a campaign to introduce the Euro as legal tender. With the new currency set to become legal tender in four months across 12 European states, armoured vans will begin distributing some 50bn coins and 15bn notes that will be needed by shops on January 1, 2002.
Countdown begins for the introduction of euro tender
The European Central Bank (ECB) have launched a campaign to introduce the Euro as legal tender. With the new currency set to become legal tender in four months across 12 European states, armoured vans will begin distributing some 50bn coins and 15bn notes that will be needed by shops on January 1, 2002.
09 January 2002
Euro currency issues threaten business meltdown
IT recruitment specialists Sanderson Recruitment has warned that the introduction of the Euro into the UK threatens to cause a nationwide business meltdown with many firms failing to take on board the sheer size of the task associated with the expected currency change.
Euro currency issues threaten business meltdown
IT recruitment specialists Sanderson Recruitment has warned that the introduction of the Euro into the UK threatens to cause a nationwide business meltdown with many firms failing to take on board the sheer size of the task associated with the expected currency change.
17 May 2002
SDLP back move towards adoption of euro
The Finance Minister Dr Sean Farren has welcomed the strong indication that the Labour government may be moving closer to recommending entry into the Eurozone. Dr Farren said: “The SDLP has long been committed to the Euro and believes that Northern Ireland increasingly loses out the longer we remain outside the Eurozone.
SDLP back move towards adoption of euro
The Finance Minister Dr Sean Farren has welcomed the strong indication that the Labour government may be moving closer to recommending entry into the Eurozone. Dr Farren said: “The SDLP has long been committed to the Euro and believes that Northern Ireland increasingly loses out the longer we remain outside the Eurozone.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
