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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 stabilizes, retreating slightly from its achieved gains

    Rocky
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    • Post n°1

    The dollar stabilizes, retreating slightly from its achieved gains Empty The dollar stabilizes, retreating slightly from its achieved gains

    Post by Rocky Fri 15 Sep 2023, 4:49 am

    The dollar stabilizes, retreating slightly from its achieved gains



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    2023-09-15 02:25
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    Shafaq News/ The dollar stabilized in Asia on Friday, retreating slightly from the gains it made overnight against its counterparts, while the yuan strengthened in the wake of some strong economic data from China.
    The dollar jumped overnight after US retail sales received a boost from higher gasoline prices, rising 0.6% in August versus an estimated 0.2% rise, while market participants reacted to the European Central Bank's 25 basis point hike.
    The US Dollar Index has fallen somewhat recently at 105.25, but remains near Thursday's six-month peak of 105.43.
    The euro remained near its lowest level in several months, which it recorded on Thursday at $1.0632 against the US currency.
    The yuan, Australian and New Zealand dollars received a boost after a batch of economic data out of China in the Asian morning came in better than expected for some key indicators, leading to a rare increase in sentiment.
    The offshore yuan rose more than 0.3% against the dollar to about 7.262 after the issuance.
    The yuan fell on Thursday after the People's Bank of China (PBOC) announced it would make a second 25 basis point cut to banks' reserve requirement ratio this year.
    While the move was intended to maintain ample liquidity and support the fragile economic recovery, it could exacerbate the decline in the already suffering yuan, with domestic interest rates falling further.
    The Australian dollar, an indicator of growth in China, rose 0.5 percent to 0.6473 US dollars, while the New Zealand dollar rose 0.3 percent in the latest trading to 0.5931 US dollars.
    Elsewhere, the euro rose 0.1 percent to $1.0652, slightly away from a six-month low of $1.0632 against the dollar after the European Central Bank raised interest rates another 25 basis points at its monetary policy meeting on Thursday.
    The British pound rose more than 0.1% to $1.2429, hovering above the lowest level in three months.
    The yen held near 147.39 against the dollar in the Asian morning.
    With the Japanese yen approaching a 10-month low, market participants remained wary of possible intervention by Japanese authorities.
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