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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 continues its gains after a two-week rally and eye on data

    Rocky
    Rocky
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    Posts : 280100
    Join date : 2012-12-21

      The dollar continues its gains after a two-week rally and eye on data Empty The dollar continues its gains after a two-week rally and eye on data

    Post by Rocky Mon 08 Oct 2018, 3:47 am

      The dollar continues its gains after a two-week rally and eye on data



      The dollar continues its gains after a two-week rally and eye on data 10418

    The dollar rose on Monday to boost gains last week amid weakness in global markets, led by Chinese stocks and strong US data recently.

    The dollar index, which tracks the performance of the greenback against a basket of rival currencies, rose 0.2 percent to 95.85, heading towards a 14-month high of 96.991 in mid-August.

    The dollar rose half a percent last week, its second weekly gain in a row, as hedge funds increased their dollar holdings by $ 3.4 billion to $ 28.7 billion last week, the highest level since the end of December 2016, according to the latest data.

    The euro fell a quarter of a percent to $ 1.15, approaching its lowest level since August 20, 2018 of $ 1.1463, as investor sentiment was negatively affected by a new rise in Italian bond yields.

    Dollar buyers will focus this week on US consumer price data released on Thursday. Markets forecast a 0.2 percent rise on a monthly basis in September, a similar increase the previous month, and any greater increase in bets will boost US interest rates in 2019.

    Sterling fell 0.4 percent to $ 1.3077 as markets focused on a major breakthrough in Britain's exit negotiations from the European Union.

    http://economy-news.net/content.php?id=13876

      Current date/time is Sat 02 Nov 2024, 3:14 pm