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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 fell to its lowest level in 8 months

    Rocky
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    • Post n°1

    The dollar fell to its lowest level in 8 months Empty The dollar fell to its lowest level in 8 months

    Post by Rocky Thu Jan 26, 2023 6:01 am

    [size=35][size=35]The dollar fell to its lowest level in 8 months[/size]
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    Economie

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    2023-01-26 | 03:52
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    [/size]


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    Alsumaria News – Economy

    The dollar stabilized near its lowest level in 8 months against major currencies, today, Thursday, as a bleak season for US corporate profits stoked recession fears, in light of investors anticipating the central bank meetings next week.


    The dollar index, which measures the performance of the US currency against a basket of major currencies, rose 0.1% to 101.65, after falling to 101.52 earlier in the session, to approach its lowest level in 8 months, which it reached last week at 101.51.






    Trading was weak due to a public holiday[You must be registered and logged in to see this link.]and the continuation of the celebration of the Lunar New Year in some parts of Asia.

    Declining earnings, pessimistic expectations from US companies and a series of layoffs in the technology sector added to fears of a sharp economic contraction in the United States, prompting investors to reduce expectations about how long the Federal Reserve will need to continue to raise interest rates aggressively.
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    [ltr]02:57 | 2023-01-10[/ltr][/rtl]
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    economists said in[url=https://www.alsumaria.tv/Entity/122913/%D9%88%D9%8A%D9%84%D8%B2 %D9%81%D8%A7%D8%B1%D8%AC%D9%88/ar/]Wells Fargo[/url]“Given that the Federal Reserve is no longer driving interest rate hikes and in light of expectations that US economic trends will worsen, we now believe that the dollar has entered a period of cyclical decline against most foreign currencies.”

    The Policy Committee of the Reserve Board will begin meetings for two days Next week, the markets are

    expecting an interest rate hike of 25 basis points, which is lower than what the central bank announced last year when it raised interest rates by 50 basis points and 75 basis points.[url=https://www.alsumaria.tv/Entity/45044/%D8%A8%D9%86%D9%83 %D8%A5%D9%86%D8%AC%D9%84%D8%AA%D8%B1%D8%A7/ar/]Bank of England[/url]And[url=https://www.alsumaria.tv/Entity/45036/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Central Bank[/url], which will also meet next week, interest rates by 50 basis points.

    It is likely to continue[url=https://www.alsumaria.tv/Entity/45036/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A/ar/]European Central Bank[/url]monetary tightening policy.

    The pound sterling traded at $1.2400, while the euro fell 0.03% to $1.0911, although it remained close to its nine-month high of $1.0927, which it hit on Monday.

    And hit[url=https://www.alsumaria.tv/Entity/72422/%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1 %D8%A7%D9%84%D9%83%D9%86%D8%AF%D9%8A/ar/]Canadian dollar[/url]1.3399 against the US dollar in the latest transactions, after the Bank of Canada raised yesterday, Wednesday, the main interest rate to 4.5%.

    The Australian dollar rose 0.2% to $0.7117, amid growing expectations for a hike[url=https://www.alsumaria.tv/Entity/45038/%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A/ar/]Reserve bank[/url]Australian interest rates, after shocking data showed on Wednesday that inflation in the country rose to its highest level in 33 years in the past quarter.

    The New Zealand dollar rose 0.1% to $0.6486, after falling 0.43% in the previous session, as annual inflation for the fourth quarter fell short of the central bank's expectations.

    In Asia, the Japanese yen rose 0.2% to 129.32 per dollar.
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