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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


    The dollar strengthens its gains as hopes for a quick recovery fade away

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 281976
    Join date : 2012-12-21

    The dollar strengthens its gains as hopes for a quick recovery fade away Empty The dollar strengthens its gains as hopes for a quick recovery fade away

    Post by Rocky Fri 03 Apr 2020, 2:18 am

    The dollar strengthens its gains as hopes for a quick recovery fade away

    [You must be registered and logged in to see this image.]




    Economy News _ Baghdad
    The dollar is heading towards a rise of two percent on a weekly basis today, Friday, supported by the rise in oil prices and investors sought a safe haven in light of the worsening economic consequences of the Corona virus pandemic.
    The gains were strengthened by the strength of the dollar after it concluded a volatile month, when it rose as investors scrambled towards liquidity, and then declined as the Federal Reserve (the US central bank) flooded the market with liquidity.
    The largest ever daily rise in oil prices helped the US currency achieve its best daily performance in two weeks against the euro on Thursday, as the United States is the world's largest crude producer.
    The dollar held onto those gains, to settle at $ 1.0836 for the euro today, advancing 2.7 percent a week. Against a basket of currencies, the dollar was up 2 percent since the start of the week at 100.270, its best performance since mid-March.
    The movements in Asian trading were slight as traders are preparing for bad news when the jobs data is being published by 1230 GMT.
    The Corona virus is worse in the United States. With the extension of public isolation measures, US jobless claims have more than doubled, reaching a massive level of 6.6 million last week.
    The New Zealand dollar fell 0.2 percent to $ 0.5909 and sterling fell slightly to $ 1.2369. The dollar held steady at 108.00 Japanese yen.
    Most of the gains that lasted for a short period of currencies exposed to oil, such as the Norwegian Krone and the Canadian dollar, were lost after oil trimmed some of its gains in light of concerns about production cuts.

    [You must be registered and logged in to see this link.]

      Current date/time is Mon 09 Dec 2024, 11:34 pm