NEW YORK [url=http://www.nikeprestoschweiz.com/nike-vapormax/nike-vapormax-blau.html]nike vapormax blau schweiz[/url] , Aug. 10 (Xinhua) -- The U.S. dollar traded loweragainst most major currencies on Thursday as traditional safe-havencurrencies continued to rose amid political tension.

Analysts said risk aversion is still a big concern for marketsas tension between the United States and the Democratic People'sRepublic of Korea (DPRK) continues.

On Tuesday, U.S. President Donald Trump issued a warning to theDPRK that appeared to threaten a nuclear war with the Asiancountry. In response, the DPRK warned of preemptive strikes againstthe U.S. military base of Guam in the Pacific.

The dollar index, which measures the greenback against six majorpeers, was down 0.06 percent at 93.491 in late trading.

In late New York trading [url=http://www.nikeprestoschweiz.com/nike-vapormax/nike-vapormax-herren.html]nike vapormax herren schweiz[/url] , the euro rose to 1.1756 U.S. dollarsfrom 1.1753 U.S. dollars, and the British pound fell to 1.2975 U.S.dollars from 1.3002 U.S. dollars. The Australian dollar increasedto 0.7888 U.S. dollar from 0.7882 U.S. dollar.

The U.S. dollar bought 109.32 Japanese yen, lower than 109.90yen of the previous session. The U.S. dollar declined to 0.9637Swiss franc from 0.9638 Swiss franc, and it edged up to 1.2719Canadian dollars from 1.2702 Canadian dollars. Enditem

CAIRO, Aug. 8 (Xinhua) -- Egypt's economic growth rate duringthe fiscal year 201617 exceeded the government's expectations [url=http://www.nikeprestoschweiz.com/nike-vapormax/nike-vapormax-damen.html]nike vapormax damen schweiz[/url] ,reaching 4.1 percent while the total budget deficit hit 10.9percent of the Gross Domestic Product (GDP) compared to 12.5percent in the previous fiscal year.

During a meeting with Egyptian President Abdel-Fattah al-Sisi,Planning Minister Hala al-Said said that indicators showed that theeconomic growth rate reached 4.9 percent during the last quarter ofthe fiscal year 201617, which ended in late June, bringing theannual economic growth rate to 4.1 percent.

The minister added that the GDP growth rate increased for thefirst time since 2007, in addition to an increase in commodityexports by 10 percent and a decrease of imports by 14 percent.

Trade deficit dropped by 26 percent [url=http://www.nikeprestoschweiz.com/nike-vapormax/nike-vapormax-schwarz.html]nike vapormax schwarz schweiz[/url] , and the unemployment ratesdeclined during the third quarter of the fiscal year from 12.7 to12 percent, reflecting an increase in employment opportunities as aresult of national projects being implemented across the country,al-Said said.

Meanwhile, Sisi asserted, during another meeting with PrimeMinister Sherif Ismail and Finance Minister Amr al-Garhy [url=http://www.nikeprestoschweiz.com/nike-vapormax/nike-vapormax-flyknit.html]nike vapormax flyknit schweiz[/url] , thenecessity of maintaining efforts to cut the budget deficit and debtrates in the new budget for the fiscal year 201718, state-run MENAnews agency reported.

Sisi also called for rationalizing spending, increasing growthrates and raising social security allocations through supportingfood commodities and expanding direct cash support programs.

During the meeting, al-Garhy reviewed a report on the initialestimates of financial performance for the fiscal year 201617.

The report showed that Egypt's total budget deficit hit 10.9percent of the GDP compared to 12.5 percent in the previous fiscalyear.

The primary budget deficit for the fiscal year 201617 reached1.8 percent, worth 63 billion Egyptian pounds (3.55 billion U.S.dollars) against 3.5 percent [url=http://www.nikeprestoschweiz.com/nike-vapormax.html]nike vapormax schweiz[/url] , 96 billion Egyptian pounds in thepast fiscal year.

The annual revenue growth stood at 28 percent of the GDP, whichsurpassed the annual expenditure growth that amounted to 22 percentof the GDP, according to the report.

Furthermore, the finance minister asserted that the fiscal year201617 witnessed an increase in the foreign investment rates andan improvement in the trade balance in general, especially withregard to non-petroleum products.

Moreover [url=http://www.nikeprestoschweiz.com/nike-presto-fleece.html]nike presto fleece schweiz[/url] , the fiscal year saw a surge in production rates andthe demand for goods produced by private sector companies reachedunprecedented levels, the minister said.

Exports also reflected a remarkable improvement in the country'seconomy, according to the minister's report.

Egypt's government hopes for further foreign direct investments(FDI) to boost the country's economy that has been suffering overthe past six years.

Massive political turmoil and relevant security issues have ledto declining tourism and foreign investment amid growing budgetdeficit, inflation rate and foreign and domestic debts.

On Friday, the Egyptian ministry of investment said that FDI inEgypt rose by 26 percent to reach 8.7 billion dollars in the201617 fiscal year [url=http://www.nikeprestoschweiz.com/nike-presto-safari.html]nike presto safari schweiz[/url] , compared to 6.9 billion dollars in theprevious year.

To attract foreign investors, Egypt has floated its localcurrency's exchange rate and has taken a series of measures to easeinvestment process.

Egypt's efforts to revive its economy have started to yield goodsigns as Saudi Prince Alwaleed bin Talal, also a businessman,announced on Monday that he will invest more than 800 milliondollars in the North African country that used to be an attractiveinvestment hub a few years ago.

The most populous Arab country has also started last year athree-year economic reform program including austerity measures,fuel subsidy cuts and tax increase.

The program is encouraged by a 12-billion-dollar loan from theInternational Monetary Fund. Enditem

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