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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 falls to its lowest levels in 4 months

    Rocky
    Rocky
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    The dollar falls to its lowest levels in 4 months Empty The dollar falls to its lowest levels in 4 months

    Post by Rocky Wed 29 Nov 2023, 4:45 am

    The dollar falls to its lowest levels in 4 months

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    Economy News _ Baghdad
     The price of the US dollar fell to its lowest levels since the beginning of last August as swaps traders intensified their bets that the Federal Reserve will lower interest rates by next May.
    The Bloomberg Dollar Spot Index fell for a fifth day, pressured by recession fears and more dovish comments from the Federal Reserve, which led investors to bet that the US central bank will be forced to retreat from the most aggressive monetary tightening cycle since the 1980s.
    In a related context, the New Zealand dollar led gains among its G10 peers after the country's central bank warned of the possibility of raising interest rates further during the next year, while the Japanese yen rose to its highest level in two months with the decline of concerns about rising US interest rates.
    “Dollar weakness will continue until market expectations of the Fed change, and this could be the main focus in 2024,” Win Thien, global head of currency strategy at Brown Brothers Harriman & Co, wrote in a note. "As the dollar rises, it will take some strong real economic data to change the Fed's current more dovish outlook."



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