Source Pravda.Ru

Euro up, barely, against U.S. dollar after U.S. holiday

The 13-nation euro was up slightly against the U.S. dollar Tuesday, a day after U.S. markets were closed for the Presidents Day holiday.

The euro bought US$1.3141 in morning European trading, slightly up from its level of US$1.3135 in New York late Monday, reaching six-week highs on concerns about nuclear issues and Iran.

Another driving issue is sentiment that the euro zone economy's growth is accelerating, a move that could cause the European Central Bank to lift interest rates higher through the spring.

Dutch central bank governor Nout Wellink said the economy is running at "full speed" and ECB executive board member Jose Manuel Gonzalez-Paramo described growth in the 13 countries that use the euro "as more broadly based than ever."

The ECB is schedule to meet March 8 and is expected to raise its interest rate from 3.5 percent to 3.75 percent, reports AP.

The British pound rose to US$1.9489 from US$1.9453.

The dollar bought 119.94 yen compared with 119.56 yen Monday a day before the Bank of Japan was set to meet and decide whether to increase interest rates from 0.25 percent.

Comments
US wants Russia to return Crimea, forget Donbass
Poland happy to buy US MLRS HIMARS systems that reach Russia
Poland happy to buy US MLRS HIMARS systems that reach Russia
Poland happy to buy US MLRS HIMARS systems that reach Russia
New 'bill from hell' against Russia to bring hell to USA
New 'bill from hell' against Russia to bring hell to USA
US wants Russia to return Crimea, forget Donbass
The Immigration Flip-Flop Heard Round The World
Three types of weapons that were stolen from Russia
New 'bill from hell' against Russia to bring hell to USA
US wants Russia to return Crimea, forget Donbass
The Documented Ancient Construction Method of The Great Pyramid
US wants Russia to return Crimea, forget Donbass
Poland happy to buy US MLRS HIMARS systems that reach Russia
Poland happy to buy US MLRS HIMARS systems that reach Russia
New 'bill from hell' against Russia to bring hell to USA
US Treasury takes control of Siberia
Poland happy to buy US MLRS HIMARS systems that reach Russia
Poland happy to buy US MLRS HIMARS systems that reach Russia
New 'bill from hell' against Russia to bring hell to USA
US nano weapon killed Venezuela's Hugo Chavez, scientists say