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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 near a 10-week high ahead of US data

    Rocky
    Rocky
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      The dollar is near a 10-week high ahead of US data Empty The dollar is near a 10-week high ahead of US data

    Post by Rocky Fri 26 Oct 2018, 5:55 am

      The dollar is near a 10-week high ahead of US data


      The dollar is near a 10-week high ahead of US data 10803



    The dollar was hovering near a 10-week high on Friday as investors awaited to see if US economic growth data will in any way reverse its months-old strength.
    US President Donald Trump expressed his dissatisfaction with the strength of the dollar.
    Traders are expecting a stronger reading of GDP data in the US on Friday, which could cause the dollar to appreciate further.
    The US economy is expected to grow 3.3 percent year-on-year in the third quarter after growth of 4.2 percent in the second quarter.
    The Federal Reserve is expected to raise interest rates by 25 basis points in December.
    Meanwhile, the euro rose slightly to $ 1.1383 on Friday. The single European currency hit a two-month low of $ 1.1353 in the previous session.
    The dollar lost 0.2 percent against the Japanese currency to 112.14 yen, while the Australian dollar, seen as a measure of risk appetite, hit a 33-month low.
    The dollar index was little changed at 96.56 on Friday after hitting a two-month high on Thursday. The gains of the dollar index are largely due to the loss of the euro, which weighed 57.6 on the index.


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