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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

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    The dollar maintains its gains amid increasing bets on halting interest rate hikes

    Rocky
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    The dollar maintains its gains amid increasing bets on halting interest rate hikes Empty The dollar maintains its gains amid increasing bets on halting interest rate hikes

    Post by Rocky Fri 12 May 2023, 4:05 am

    [size=35][size=35]The dollar maintains its gains amid increasing bets on halting interest rate hikes[/size]
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    Economy

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    2023-05-12 | 01:49
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    The
    dollar stabilized close to its highest level in more than a week, Friday, after a series of data released last night indicated a slowdown in the US economy, while investors bet that the Federal Reserve (the US central bank) will halt interest rate increases. .


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    The dollar index, which measures the performance of the US currency against 6 major currencies, fell 0.059 percent to 102.02, remaining close to the level of 102.15 it touched overnight, the highest since May 2nd. The index is set to end a two-week losing streak, rising 0.7% this week.



    [url=https://www.alsumaria.tv/Entity/2683607080/%D9%83%D8%A7%D8%B1%D9%88%D9%84 %D9%83%D9%88%D9%86%D8%AC/ar/]Carol Kong[/url], currency analyst at the [url=https://www.alsumaria.tv/Entity/122915/%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%83%D9%88%D9%85%D9%86%D9%88%D9%84%D8%AB %D8%A7%D9%84%D8%A3%D8%B3%D8%AA%D8%B1%D8%A7%D9%84%D9%8A/ar/]Commonwealth Bank of Australia[/url], said weak US economic data may have encouraged the market while still weighing in on the chances of the US central bank making sharp interest rate cuts this year.
    The number of Americans filing new applications for unemployment benefits last week jumped to the highest level in a year and a half, pointing to cracks in the labor market as demand slowed, according to data released on Thursday that also showed a slight rebound in producer prices in April.

    The reports came in line with the expectation of most economists of a recession by the end of the year.

    Fed policymakers have about five more weeks of data to analyze before their next meeting, and they said they plan to scrutinize it carefully before making a decision.
    Meanwhile, the euro rose 0.03 percent to $1.0917, and the Japanese yen rose 0.03 percent to 134.53 per dollar, according to [You must be registered and logged in to see this link.] data.

    [You must be registered and logged in to see this link.] dollar fell 0.01% to $0.670, while its [You must be registered and logged in to see this link.] counterpart fell 0.24% to $0.628.

    The pound sterling recorded $ 1.2512 in the latest transactions, up 0.02 percent during the day, after declining 0.6 percent yesterday, Thursday.

    The [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] raised its main interest rate a quarter of a percentage point to 4.5 percent on Thursday, and Governor [url=https://www.alsumaria.tv/Entity/140705/%D8%A3%D9%86%D8%AF%D8%B1%D9%88 %D8%A8%D9%8A%D9%84%D9%8A/ar/]Andrew Bailey[/url] said the [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] would "stay on course" as it seeks to rein in inflation, which has been the fastest among major economies.

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