Dollar – Atlas Today

Written by:RituPosted on:December 23, 2022

The U.S. dollar slipped lower in early European trade Friday, handing back some of the previous session’s gains as traders attempt to gauge the Federal Reserve’s likely tightening path in the new year. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% to 103.877. The dollar posted strong gains on Thursday after data showed that the U.S. labor market remained tight as well…

Written by:RituPosted on:October 17, 2022

Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan The Chinese currency fell 0.1%, coming close to breaching the 7.2 level against the dollar after President Xi Jinping said the country has no plans to scale back its zero-COVID policy The policy, which prompted a series of strict lockdowns this year, is at the heart…

Written by:RituPosted on:October 8, 2022

Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by Fed officials clearly indicate that the financial market instability did not dissuade them from further rate hikes Hawkish message was conveyed by several Fed policymakers this week who showed their resolve in…

Written by:RituPosted on:July 16, 2021

By Administrator_India Capital Sands The dollar was down on Friday morning in Asia. However, the greenback is set for its best weekly gain in about a month as ongoing investor worries about a quicker-than-expected U.S. interest rate hike and by rising COVID-19 infections capped losses. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.575 by 11:45 PM ET (3:46 AM GMT). The USD/JPY pair inched up 0.09% to 109.95.…