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Neno's Place Established in 2006 as a Community of Reality


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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 is hovering near a two-month high

    Rocky
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    • Post n°1

    The dollar is hovering near a two-month high Empty The dollar is hovering near a two-month high

    Post by Rocky Wed 23 Aug 2023, 5:00 am

    The dollar is hovering near a two-month high

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    Economy News-Baghdad
    The US dollar approached its highest level in two months on Wednesday, as investors await the speech of the Federal Reserve Chairman (US Central Bank) this week to search for indications on the path of monetary policy, while the yen fluctuated near 146 per dollar.
    The dollar index, which measures the performance of the US currency against six competing currencies, scored 103.55, not far from the two-month high of 103.71 that it touched on Tuesday. The index rose 1.6 percent in August and is on track to end two straight months of losses.
    The currency market is weakening amid a lull in summer volatility and ahead of a symposium organized by the Federal Reserve of central banks in Jackson Hole, Wyoming, this week, said Christopher Wong, currency strategist at OCBC in Singapore.
    Traders are awaiting a speech by US Federal Reserve Chairman Jerome Powell at the event scheduled for August 24-26. Investors will analyze his words to predict the course of the Federal Reserve's monetary policy.
    The yen rose 0.20 percent to $145.59 in Asian trading hours, not far from a nine-month high of 146.565 hit last week, leaving traders on the lookout for any signs of state intervention.
    Atsushi Takeuchi, who was head of the foreign exchange department at the Bank of Japan during state intervention between 2010 and 2012, predicted that Tokyo would hold back unless the yen crossed 150 to the dollar.
    The euro rose 0.07% to $1.0852, a little off the two-month low of $1.0833 it touched overnight.
    The Australian dollar rose 0.40% to $0.645, while the New Zealand dollar rose 0.29% to $0.596.
    As for cryptocurrencies, Bitcoin increased in the latest transactions by 0.77 percent to $ 26,049, after touching a two-month low of $ 25,350 last night.


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