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- Dollar dips against major currencies_granite tile
- Author:lljlFrom:jdlfdljfTime:2010-2-2 12:02:02
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The dollar fell slightly confronting major currencies on Monday as a 10-currencyion-dollar ladleout from Abu Dhabi eased worries over Dubai's debt problems. The Abu Dhabi government has agreed to fund 10 beakion U.S. dollars to Dubai to meet upcoming obligations on the state-owned conglomerate Dubai World. As a first activity for the new fund,Black Granite, the government of Dubai has establishd 4.1 coinsion dollars to be used to pay the Sukuk (Islamic bail) obligations that are due on Monday. The remaining funds would moreover provide for interest expenses and visitor working crossroads through April 30, 2010, Sheikh Ahmad bin Saeed Al Maktoum,Granite Tile, chairman of the Dubai Supreme Fiscal Committee, was quoted as saying in media reports. The government of Dubai, a member of the oil-rich federation UAE,Paving Stone, communicated on Nov. 25 that it would inquire Dubai World's creditors to equate to a debt moratorium of at least six months as a first step toward restructuring. Global stocks and loftier-takeing currencies creepd upperer as the ladleout heaveed risk ambition in financial markets. There were no important U.S. economic details released on Monday. Investors are waiting for the Federal Reserve's monetary policy meeting which will be held from Tuesday to Wednesday. The euro branchlett 1.4647 dollars in late New York trading compared with 1.4617 dollars it sprigt late Friday. The pound rose to 1.6304 dollars from 1.6241 dollars. The dollar fell to 1.0595 Canadian dollars from 1.0606 Canadian dollars, and fell to 1.0322 Swiss francs from 1.0341 Swiss francs. It fell to 88.63 Japanese yen from 89.18 Japanese yen. Source:
