< p > Fu Peng: there is virtually no relationship between the two, because when we discuss whether the US dollar is going down or going up, we often like to see the so-called US dollar index, but in fact, we are using the US dollar trade weighted index in more professional fields. ...
The euro was down 0.40% against the dollar at $1.084. The dollar index, which tracks the greenback against six major currencies, was up 0.36% at 104.24. "It's important when looking at the downward revisions, especially that most of that wildly negative figure came in August rat...
But as yet the major daily chart trend is down and a test of the SMA 200 will be very important. Despite the weakening inflation signals in the wider macro and slowly decelerating economy, which would indicate a weakening Fed from its hawkish stance, the US dollar is improbably still buoyant...
The title says it all really. Let’s first look at the yearly chart of the US Dollar Index to see what it means.
8 Top Nancy Pelosi Stocks to Buy Here are former Speaker of the House Nancy Pelosi's latest investments. Wayne DugganDec. 23, 2024 AI in Health Care: 8 Stocks to Buy Now Health care systems are making big investments in AI, and these companies are on the bleeding edge of ...
Yuan gains to reach 7.13 against US dollar today; Premier Li Qiang will head China's Central Financial Commission. Here’s what you need to know about China in the past 24 hours The Chinese yuan continues to strengthen for a second day, appreciating 0.5 percent to 7.1328 against the US dol...
AUD/USD slides to near 0.6740 as the US Dollar gains ground after Fed Powell’s speech. Fed Powell reiterated the need of more good inflation data for reducing interest rates. Investors await the US Retail Sales and the Aussie Employment data. ...
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Yeah. And the inflation that all the kind of monetary authorities have been going out of their way to try and defeat has just like this extra bit of support. I mean, it’s worth bearing in mind it’s not just a uniformly bad thing to have a weak currency against the dollar, right?
It is believed that the yuan may see further appreciation in December. Weakening of the US dollar is the direct driver of the appreciation of the yuan exchange rate, and the decline of the US Treasury interest rate is the main reason for the weakening of the US dollar, analysts said.Local...