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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The dollar is cutting off its losses as a new round of trading starts

    Rocky
    Rocky
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    The dollar is cutting off its losses as a new round of trading starts Empty The dollar is cutting off its losses as a new round of trading starts

    Post by Rocky Thu 23 Aug 2018, 6:25 am

    The dollar is cutting off its losses as a new round of trading starts


    The dollar is cutting off its losses as a new round of trading starts 9592


    The dollar cut a series of five-day losses and the euro fell on Thursday as the greenback received support from political uncertainty, a fresh round of trade tariffs and the latest minutes of a Federal Reserve meeting hinting at a September interest rate hike.
    While the content of the US Central Bank's events was widely expected and received by the market as leaning towards monetary easing, analysts say that dollar bulls were waiting for the opportunity to re-buy the US currency after losing more than 2% of the highest level in 14 months during the longest chain Losses to the dollar this year.
    The United States and China have stepped up their months-long trade war and have applied 25 percent punitive tariffs on other state goods worth $ 16 billion, which worries investors who are often looking for safety in the dollar.
    The US currency received support from the minutes of the meeting of the US Central Bank, which showed that officials are looking to raise interest rates soon.
    The dollar index was up 0.2 percent at 95.334, moving from a three-week low of 94.934 hit on Wednesday night.
    The euro fell about 0.3 percent to $ 1.1569, falling from a two-week high of $ 1.1623.
    The Australian dollar fell 0.8 percent to $ 0.7294 as Australian Prime Minister Malcolm Turnbull appeared in trouble after senior cabinet ministers called for a second vote on his leadership of the ruling party.
    The yen fell 0.3 percent to 110.85 yen per dollar as investors sought the dollar as a safe haven.
    The yuan fell 0.3 percent to 6.8695 yuan in foreign trade after the latest round of tariffs took effect.
    The Swiss franc rose 0.2 percent to 1.1380 francs to stop the latest wave of losses. The franc hit a 13-month high of 1.1244 francs per euro earlier in August.


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