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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


    Dollar is rising as Powell sticks to keeping interest rates low

    Rocky
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    • Post n°1

    Dollar is rising as Powell sticks to keeping interest rates low Empty Dollar is rising as Powell sticks to keeping interest rates low

    Post by Rocky Fri 05 Mar 2021, 7:05 am

     Dollar is rising as Powell sticks to keeping interest rates low

    Dollar is rising as Powell sticks to keeping interest rates low 26568


    Economy News _ Baghdad
    The dollar rose to its highest level in several months against the euro, the yen and the Swiss franc today, Friday, after Fed Chairman Jerome Powell did not express concern about the recent wave of bond selling and stuck to his position to keep interest rates low for a long time.
    In a forum for the Wall Street Journal on Thursday, Powell said a wave of Treasury bond sales was not disrupting the system and was unlikely to push long-term interest rates so high that it would prompt the Federal Reserve to intervene more aggressively. His comments reignited the wave of selling in Treasury bonds.
    He also reiterated that he is committed to maintaining a very easy monetary policy until the economy goes "a very long way on the road to recovery."
    Neil Jones, head of foreign exchange sales at Mizuho Bank, said, "The dollar rose strongly after Powell's comments as I see that many in the market were looking for stronger statements from the US central bank to curb further increases in revenues ... These statements were not made and the dollar is generally rising due to expectations of rises." Other US revenues. "
    The euro fell 0.4 percent to its lowest level in three months, at $ 1.19255, after falling 0.7 percent overnight.
    The dollar reached an eight-month high against the yen, recording 108.45, up 0.5 percent against the Japanese currency.
    Japanese Finance Minister Taro Aso declined to comment on the devaluation of the yen when asked about its possible impact on the economy in his country.
    The dollar index reached its highest level in three months and last traded at 91.960 in early London trade, after gaining 0.7 percent on Thursday.
    Risky currencies, including the Australian dollar and its New Zealand counterpart, slumped, tracking stocks as investor sentiment turns pessimistic once again.
    The Australian dollar fell 0.6 percent to a three-week low of $ 0.7673, extending Thursday's losses of 0.7 percent. The New Zealand dollar fell 0.6 percent to $ 0.7140.
    And in the cryptocurrency market, it fell 3.7 percent to 46,571 dollars. Ether decreased 5.52% to $ 1453.29.

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