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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Dollar prices decline as markets await important inflation data

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 272334
    Join date : 2012-12-21

    Dollar prices decline as markets await important inflation data Empty Dollar prices decline as markets await important inflation data

    Post by Rocky Tue 28 May 2024, 4:56 am

    Dollar prices decline as markets await important inflation data
    [You must be registered and logged in to see this link.] |Today,
    [You must be registered and logged in to see this image.]

    +A
    -A


    Baghdad today - follow-up
    Dollar prices fell during trading today, Tuesday (May 28, 2024), after a slight increase in dealers’ desire before the release of important inflation data from major economies this week .
    Currency movements were largely weak in the first hours of trading in Asia after a quiet session last night due to holidays in Britain and the United States, but the general mood was positive with the rise of global stocks .
    The euro rose to $1.0860 despite some cautious comments from European Central Bank policymakers on Monday and data showing a decline in German business confidence in May .
    The markets are awaiting the German inflation data scheduled to be released tomorrow, Wednesday, and the broader euro zone data on Friday, to confirm the expected cut in interest rates by the European Central Bank next week, as well as to obtain indications of how quickly the bank can make a subsequent cut decision .
    The British pound settled near its highest level in more than two months and reached $1.2774 in the latest trading, while the New Zealand dollar rose about 0.1 percent to $0.6155, which is its strongest level since mid-March .
    The Australian dollar rose 0.03 percent to 0.6657 US dollars .
    Markets are mainly focused on the US Core Personal Consumption Expenditures Price Index report, which is the Federal Reserve's preferred measure of inflation, and is expected to remain unchanged on a monthly basis .
    US interest rate expectations have been the main driver of the currency over the past few years, and the latest inflation reports from the world's largest economy have been characterized by volatility, which has weakened policymakers' confidence in the pace and size of interest rate cuts expected this year .
    Against a basket of major currencies, the dollar index fell 0.01 percent to 104.55 points .
    The yen fell to near the level of 157 to the dollar, and in the latest trading reached 156.87 to the dollar, after the Japanese currency was heading towards achieving its first monthly gain for the year 2024 .
    As for cryptocurrencies, Bitcoin fell 0.47 percent to $69,255, while the price of Ethereum fell 0.2 percent to $3,882.20.
    Source: Agencies
    [You must be registered and logged in to see this link.]

      Current date/time is Sat 22 Jun 2024, 4:02 am