- CNTV English - CCTV News

Dollar mixed as ECB may intervene

12-02-2010 08:48 BJT

The U.S. dollar traded mixed against major currencies in late New York trading on Wednesday as the euro rebounded on speculation that the European Central Bank might take action to curb its recent losing streak.

The euro bounced back to above 1.31 against the dollar on Wednesday after slumped to nearly 3-month low a day ago, as the European Central Bank might take bold measures on its Thursday meeting to deal with the European debt crisis which haunted the euro for weeks, according to many investors.

A U.S. official said the U.S. would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, also helped bolster the euro.

However, some market participants still thought the ECB could disappoint the market which might prompt new round of euro's sell- off in fairly short term.

In late Wednesday trading, the dollar bought 84.19 Japanese yen, comparing with 83.66 late Tuesday, and the euro rose 1.3141 to dollars from 1.3012.

The British pound also rose to 1.5627 dollars from 1.5580. The dollar declined from 1.0027 to 1.0017 against Swiss francs, and also dropped to 1.0160 Canadian dollars from 1.0247.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program