Home
Dollar weakens amid US-China trade talks
 |
Economy News - Baghdad
The dollar fell against the yen on Thursday as uncertainty over when the United States and China signed a preliminary trade deal encouraged traders to relinquish some creditor positions.
Trade uncertainty also lifted the yen, which is considered a safe haven against the euro and the Australian dollar.
Sterling hit a one-week low ahead of the Bank of England's scheduled meeting later on Thursday. No change in policy is expected, but investors are focusing on how the bank will respond to the uncertainty surrounding Brexit.
The dollar was surprised on Wednesday after a senior administration official told Reuters the signing of the so-called first phase of a trade deal could be delayed until December.
The dollar fell 0.24 percent on Thursday to 108.73 yen.
The United States and China imposed tariffs on each other's goods in a 16-month-old trade war that spilled over into financial markets and slowed investment and global growth.
Investors hope an initial agreement between the United States and China will eliminate some tariffs, but negotiations between Washington and Beijing are difficult, making an agreement uncertain.
In domestic market trading, the yuan fell to $ 7.0163, extending its slide from a two-and-a-half month high of $ 6.9880 hit on Tuesday as optimism about a near-term settlement of trade disputes subsided.
The yen rose about 0.27 percent to 120.27 euros and gained 0.4 percent to 74.71 against the Australian dollar.
The dollar index, which tracks the performance of the greenback versus a basket of six rival currencies, was steady at 97.985.
The pound traded at $ 1.2848, after briefly touching the lowest level since October 29. Against the euro, sterling traded at 86.11 pence, confined to a limited range.
The euro traded at $ 1.1061, little changed in the session after falling slightly by 0.07 percent on Wednesday.
» Mr. Al-Hakim calls for making Iraq a regional headquarters for international organizations
» Mr. Al-Hakim: Kirkuk is our miniature Iraq and success in it is success for Iraq
» Ports: Al-Faw-Umm Qasr Road will be completed ahead of schedule
» Parliamentary Finance: Budget amendment includes only one paragraph related to the region’s oil
» 94% increase in foreign remittance sales in Iraqi currency auction
» $10 Billion Cash Flows into Bitcoin Funds Since Trump Win
» Financial Supervision Bureau: The percentage of localizing salaries of regional employees exceeded 8
» Formation of a government committee to close down violating industrial activities
» Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list
» Laboratories for the unemployed
» Closing of {private} institutes in Babylon
» Labor is studying the establishment of factories and production lines to employ the unemployed
» Iraq is moving towards developing the private sector
» Moves to improve the investment environment and implement import policy
» Ministry of Planning to {Al Sabah}: The government has processed 1,104 projects
» The Central Organization for Standardization and Quality Control grants the Iraqi Quality Mark to th
» Financial Supervision Bureau: The percentage of localizing salaries of Kurdistan Region employees ex
» Washington reassures Baghdad: Syrian factions will not attack you
» Trump appoints his lawyer Alina Habba of "Iraqi origin" as an advisor to the president
» Integrity Commission discloses its activities in the field of disclosure of assets and money inflati
» Advantages of the modern electronic ration card
» Prime Minister attends meeting of presidencies and state administration coalition to discuss develop
» Al-Sudani launches Baghdad Forests Project
» Ministry of Planning: The government has processed 1,104 projects
» Presidencies and State Administration Meeting: The Importance of Respecting the Choices of the Syria
» Al-Sadr after the fall of Assad: We look forward to balanced relations between Iraq and Syria
» US National Security Advisor: We are working to strengthen Iraq so that the conflict does not spread
» Integrity Commission discloses its activities in the field of disclosure of assets and money inflati
» British newspaper: Iraq's development path will compete with the Suez Canal
» Al-Sudani's wise policies save Iraq from a regional storm
» Amending Article 12 whets the appetite for amendments.. The tripartite budget has become “binary”
» Find out the exchange rates of the dollar against the dinar in Iraq
» Kurdistan Integrity Commission reveals statistics on corruption cases in the region during 2024
» Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems and Suspicions of C
» Trump appoints new adviser of Iraqi origin
» utube 12/7/24 MM&C MM&C-Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-
» utube 12/5/24 MM&C Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-
» Where did the amendment of the budget items related to oil exports in the Kurdistan Region stand?
» Article 12 of the budget ignites controversy under the dome of Parliament
» The number of representatives does not exceed 70 representatives
» Central Bank Sells Over $300 Million in Auction Today
» Financial Supervision calls for building strong and effective partnerships between the private secto
» Iranian gas and bitter cold exacerbate Iraq's electricity crisis
» Al-Nusairi calls on the media to be patriotic, transparent and supportive of the national economy
» The extent of Iraq's influence on unstable political events and disturbances with our neighbors, Ara
» Despite the rise in domestic borrowing, a government advisor says the financial situation is stable
» Al-Sudani confirms his support for the joint operation project for hospitals and addressing its obst
» The President of the Republic stresses the importance of addressing the phenomenon of gas emissions
» Today.. Parliament votes on 5 laws
» (Riyada) breaks the shackles of unemployment and opens the doors of the future for young people
» Al-Sudani launches Baghdad Forests Project
» Activating 16 oil wells in Kirkuk
» Abstention of students and teachers from the outskirts
» Agriculture: Signing a contract with FAO to use advanced technologies
» Baghdad Municipality: 33 companies compete to expand the capital’s sewers
» Next year.. Implementation of BRT and public transport projects
» Iraq's turn has come.. Iraqi leader from Tehran: Americans must be expelled from Baghdad and the war
» Who is responsible for the delay? Source: Kurdistan’s non-oil revenues cover the salary deficit
» Gas supply halt deprives Iraq of production from largest power plant in Diyala
» Al-Asadi: The Workers’ Social Security Law has stimulated the labor market and pushed young people t
» Despite regional tensions, car companies establish a foothold in Iraq via Erbil
» Syrian Crisis: Iraq’s “Cautious” Position and Participation Dependent on Developments
» Security Media: Implementation of a controlled destruction operation of war remnants west of Baghdad
» Trade excludes the impact of the Syrian crisis on the Iraqi economy and food security
» Electricity: Smart transformation does not impose an increase in tariff prices
» Migration: We are ready for any displacement from Syria to Iraq
» House of Representatives holds session to vote on important draft laws
» "Controversial" laws return again.. House of Representatives holds "important" session today
» With the participation of Iraq.. The 26th Ministerial Meeting of the Gas Exporting Countries Forum b
» Donating employees’ salaries... “mandatory” volunteering and a “suspicious” formula
» Dollar exchange rates in Iraqi governorates today
» Where did the amendment of the budget items related to oil exports in the Kurdistan Region stand?
» Transferring its employees to Lebanon.. Iraq evacuates its embassy in Syria
» Launching a new batch of housing loans at the beginning of 2025
» After the completion of the five berths, Al-Faw Port prepares to receive the first commercial ship
» Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by e
» A new crisis is on the line.. Al-Sudani throws the ball of the ministerial reshuffle into the court
» Politician: Halbousi's visit to Washington is suspicious and mysterious
» US official: Washington informed Iraq not to get involved in the conflict in Syria
» After the Tripartite .. Iraq plans to host an international meeting to discuss the repercussions of
» Central Bank sells more than $1 billion in 5 days
» Iraq participates in a ministerial meeting of the Gas Exporting Countries Forum (GECF)
» “Delayed accountability” makes efforts to combat corruption falter
» Economist: The parallel market sells the dollar at a price not controlled by the government
» 12 railway lines returned to service in Iraq
» MP: Political consensus hindered ministerial reshuffle, field reform is the most appropriate solutio
» Parliamentary Security: Türkiye's camps inside Iraq reveal its occupation intentions
» Al-Khanjar leads internal political movement to prevent Iraq from supporting the Assad regime
» According to Mercer, the Iraqi capital is the second worst Arab city for expatriates
» Samarra Pharmaceutical Company's contracts with the Ministry of Health to increase in 2024
» Bitcoin retreats as traders hedge against possible correction
» Is Iraq affected economically by the current events in Syria? Al-Sudani’s advisor explains
» Baghdad.. Exchange rates record 152 thousand dinars per hundred dollars
» Rafidain Bank Restructuring Program.. Justifications and Requirements
» MP accuses region of "evading" paying salaries to employees
» Parliamentary confirmation: There are no intentions to send official forces to Syria
» The beginning of resolving many issues.. MP: The general amnesty will proceed "consensually"
» Al-Sudani's advisor: Iraq's economy will not be affected by current events in Syria