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U.S. dollar goes to 10 month high as currency markets surge
Reuters - Demand for Dollars rose on Wednesday in the currency derivatives markets, as the last quarter of the year approached and the Greenback went to 10 month highs against its peers. LONDON Reuters - Demand for Dollars rose on Wednesday in the currency derivatives markets,...
Updated: 09/29/2021
U.S. dollar rally on fears of a 'perfect storm'
... Neuberger Berman said in a recent note that the dollar has entered into a multi-year bear cycle after it gained in March 2020 and will eventually drift lower. Their forecast is based on a confluence of factors, including projections for a drop in the United States ' proportional contribution to world gross domestic product that could start in 2022, which the firm said has coincided with the current dollar weakness. Others, however, are betting that a hawkish Fed will likely help keep the U.S. currency unchanged in coming months. The USD could rise as much as 10% from current levels on expectation of Fed tightening, analysts at Societe Generale said ...
Updated: 10/01/2021
U.S. dollar steady after biggest one day fall since May
... authorities said the number of people treated for COVID - 19 and those under intensive care stood in more than two months at the highest levels of management. Data released on Monday showed a third consecutive month of business activity growth in the United States for business. However, the Australian dollar - currently seen as a liquid proxy for risk appetite - was up 0.3% at $0.72305. The New Zealand Dollar is up 0.7% at a 6 day high of $0.69375 boosted by the Reserve Bank of New Zealand's New Zealand 's assistant governor, Christian Hawkesby ...
Updated: 08/24/2021
More than 150, 000 Dollar General chairs recalled after reports of amputation
More than 150,000 folding chairs sold at Dollar General are recalled after consumer reports of anputating or lacerating several fingers, according to the U.S. Consumer Product Safety Commission. More than 150,000 folding chairs sold at Dollar General are recalled after consumer reports of ...
Updated: 08/05/2021
El Salvador approves $150 million fund to convert bitcoin to U.S. dollars
San Salvador's Congress on Tuesday approved a law to create a $150 million fund to facilitate conversions from bitcoin to U.S. dollars ahead of the planned adoption of the cryptocurrency as legal tender next week. SAN SALVADOR Reuters - El Salvador 's ... ... fund as El Salvador , which already uses U.S. dollars, prepares to officially adopt Bitcoin on Sept. 7. The Central American state will be the first in the world to use cryptocurrency as legal tender. The money for the new fund will be administered by ...
Updated: 08/31/2021
U.S. dollar on track for a drop in retail sales on Friday
... should do about it. The markets are pricing now predicting prices of a 25 basis point rate hike to 50 50 odds of a currency. The dollar index is looking a little shaky, but any slippage should prove modest with Fed tapering now imminent, Westpac strategists wrote in a client note. Any dips in the index should be limited to 93.70, they said. The next significant test of the United States economy will come later on Friday with the release of retail sales figures. The euro dropped 0.09% to $1.1588 after touching ...
Updated: 10/15/2021
U.S. dollar at a crossroads after 5% rally
Reuters - The dollar is at a crossroads after a 5% rally in four months as many investors evaluate how much of the Fed's bond buy taper and future rate hikes are priced in, and if any further increase in U.S. yields will be for good or bad reasons. Reuters - The ...
Updated: 10/11/2021
The dollar is at a crossroads as investors assess if more will be done
... evaluate how much of the Fed's bond purchase taper and future rate hikes are priced in, and determine whether any further increase in U.S. yields will be for good or hard rates hikes are pricing in, but now ORLANDO, Fla. October 11 - November — The dollar is at a crossroads after a 5% rally in four months as many investors evaluate how much of the Fed's bond purchase taper and future rate hikes are priced in, and determine whether any further increase in U.S. yields will be for good or bad reasons ...
Updated: 10/11/2021
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