Sun, 27 July
25.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

USD rises on Obama’s statements Wednesday

YEREVAN, November 15. /ARKA/. USD rate rose Wednesday against most global currencies amid President Obama’s readiness to compromise with Republicans in tax and budget policy, according to the trades, Russia state-run RIA Novosti reports.

USD climbed 81.11 points Wednesday from Tuesday’s 81.09 against the other six global currencies. Euro jumped against USD to 1,2735 dollars per 1 euro from 1,2704 dollars at the end of the last week. USD hiked against the Japanese currency to 80.25 yens per $1 versus 79.39 yens per $1 on Tuesday.

“I’m open to compromise and I’m open to new ideas,” Obama said at a press conference in the White House.

“And I’ve been encouraged over the past week to hear Republican after Republican agree on the need for more revenue from the wealthiest Americans as part of our arithmetic if we’re going to be serious about reducing the deficit because when it comes to taxes, there are two pathways available.”
USD surge was also due to the published protocols from the Federal Reserve’s meeting, October 23-24. A number of the Open Markets Committee members support additional asset purchases in 2013.
Moreover, Portugal’s GDP slashed 3.4% in 3 Q from a year earlier versus 3.2% in the second quarter.

Economy slowdown is still ongoing in Greece (7.2% drop in July-September, and 6.3% year-ver-year fall).

Euro rose on the news of Fitch improvement of Ireland rating “BBB+” to the stable from the negative. According to the analysts, Ireland demonstrates a progress in budget consolidation and economy rally.—0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img