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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The greenback is gaining ground as the Fed continues to support monetary tightening

    Rocky
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    • Post n°1

    The greenback is gaining ground as the Fed continues to support monetary tightening Empty The greenback is gaining ground as the Fed continues to support monetary tightening

    Post by Rocky Fri 09 Nov 2018, 2:48 am

    The greenback is gaining ground as the Fed continues to support monetary tightening 640




    The greenback is gaining ground as the Fed continues to support monetary tightening


     09 November 2018 11:10 AM
    Direct : The US dollar rose against major currencies during trading on Friday, with the support of the Federal Reserve monetary tightening, coinciding with the return of trade concerns.
    By 7:55 am GMT, the dollar was up against the euro by 0.2% to $ 1.1338, and the euro fell as the IMF cut growth estimates there.
    The IMF estimates that GDP this year within Europe will be 2.3% higher than the previous estimate of 2.6%.
    On the other hand, the dollar fell against the yen by 0.2% to hit 113.83 yen, as the Japanese currency seeks to recover from the lowest level in 5 weeks.
    The US dollar edged up 0.3% to hit 1.3018 dollars and the Swiss franc rose 0.2% to 1.0078 francs.
    At the level of the main dollar index, which measures the performance of the currency against 6 major currencies, it rose by 0.07% to 96.789.
    Although the Fed yesterday decided to keep interest rates unchanged but stressed its tone on monetary tightening, he said he saw further interest rate increases with expectations of an additional increase in December.
    The resumption of trade concerns supports the dollar's position against the rest of the currencies, following a report by the US Department of Commerce announced yesterday the determination of Washington to impose final duties on anti-dumping and anti-subsidy on the products of aluminum panels China.
    US producer price data is scheduled to be released later in the day.

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