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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 dollar is stabilizing in anticipation of a rate cut and a new decline for the pound

    Rocky
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    • Post n°1

    The dollar is stabilizing in anticipation of a rate cut and a new decline for the pound Empty The dollar is stabilizing in anticipation of a rate cut and a new decline for the pound

    Post by Rocky Mon 29 Jul 2019, 1:56 pm

     The dollar is stabilizing in anticipation of a rate cut and a new decline for the pound

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    Economy News _ Baghdad
    The dollar was near a two-month high ahead of what was expected to be the first US interest rate cut since the financial crisis this week, while the growing uncertainty about Britain's exit from the European Union led the pound to fall to a new 28-month low.
    The moves of most major currencies were confined to narrow ranges ahead of the Federal Reserve's expected rate cuts on Wednesday by 25 basis points, but there was at least some movement to fill the gap.
    The pound saw a new 0.3 percent drop after the new British foreign minister and former EU pullout minister Dominique Rab said he needed to change his "intransigent" stance to avoid an exit crisis without an agreement in October.
    The pound also came down after comments from senior British ministers over the weekend that the government was working on the assumption that the EU would not renegotiate its agreement to the British withdrawal and was stepping up preparations.
    The pound dropped to $ 1.2335, a level it had last hit in March 2017. It also dropped 90 pence against the euro.
    The dollar was near a two-month high against a basket of currencies as US gross domestic product data, which beat expectations last week, boosted the greenback's appeal against its rivals.
    The Federal Reserve is widely expected to cut interest rates for the first time in more than a decade, but such a move is widely seen as a proactive step to protect the economy from global uncertainty and trade pressures, unlike some other countries facing more imminent risks. .
    The dollar index stood at 97.919, unchanged from a two-month high of 98.093 on Friday. The dollar was at $ 1.11315, almost unchanged, not far from its lowest level since May 2017, hitting $ 1.1101 on Thursday.
    Against the yen, the dollar remained at around 108.66 yen, largely due to end-of-month sales by Japanese exporters. It hit a two-week high of 108.83 yen on Friday.
    The Australian dollar was flat at $ 0.6904 after hitting a one-month low of 0.6900 earlier in the day after Chinese data on Saturday showed the country's manufacturing companies shrank in June.

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