BUSINESS INFORMATION - Euro Rise in the U.S. Positive Data Central

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BUSINESS INFORMATION - Euro Rise in the U.S. Positive Data Central


Euro rose against the dollar on Monday, after U.S. economic data that are far better than expected supports the restoration of hope and encourage investors to buy the currency risk and gives a higher yield.

Euro in late trading Monday at 1.4833 dollars, up sharply from 1.4715 dollars late Friday in New York.

While the dollar traded at 90.58 yen, up from 90.08 yen.


A private survey showed that U.S. manufacturing sector experienced the expansion for the third consecutive month in October, jumped a stronger-than-expected 55.7 percent, its highest level since April 2006.

But the market is also described as a nervous ahead of monetary policy decisions this week in the United States, the eurozone, UK and Australia, as well as key data on U.S. employment Friday.

The U.S. Federal Reserve (Fed) is widely expected to hold interest rates with a range of major injaman zero hinga 0.25 percent until early 2010.

However, Central Bank of Australia, is expected to announce on Tuesday, the increase in interest rates for the second time in less than a month to prevent overheating the domestic economy.

In London Monday, the euro changed hands at 1.4833 dollars against 1.4715 dollars late Friday, at 134.37 yen (132.62), 0.9037 pounds (0.8955) and 1.5092 Swiss francs (1.5106 ).

Dollar stood at 90.58 yen (90.08) and 1.0174 Swiss francs (1.0260). The pound was at 1.6414 dollars (1.6440).

On the London Bullion Market, gold prices rose to 1., 62 dollars per ounce on the determination of 1.040 dollars per ounce on Friday night.


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