dollar Archives - The Star Bulletin

Jan

09

2023

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By Kevin Bonner

Dollar hovers near seven-month lows after jobs data

Newsdollar, japan, news, US, Yen

Dollar hovers near seven-month lows after jobs data. On Monday, the U.S. dollar fell to its lowest level in seven months against major currencies. Data suggested that the Federal Reserve might slow down its rate increases while China's reopening of its borders could boost riskier currencies. China's offshore currency yuan surpassed the U.S. dollar for the fifth time in five months, and the Australian and New Zealand currencies - which are generally considered more liquid proxies for China's currency - rose sharply. In the three months ended 2022, the dollar suffered its largest quarterly loss in 12 years. This was…

Jan

02

2023

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By Patsy S. Nielsen

Foreign Exchange Dollar rises in a tepid start to the new year

Newsdollar, economy, Foreign Exchange, news

Foreign Exchange Dollar rises in a tepid start to the new year. The euro-area economy is preparing for a recession, fears regarding the supply of gas during winter are lessened, which means the recession might not be as dire as was thought ago. Eurozone wages are increasing faster than anticipated as well. The European Central Bank (ECB) should ensure that this doesn't add to the already high rate of inflation ECB Chief Christine Lagarde declared this weekend. The dollar climbed on Monday, but it was able to pull away from its recent lows of just six months against a range…

Dec

01

2022

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By Fredric M. Wiseman

Dollar falls to a 3-month low against the yen, as Powell warns that Fed will slow down

Newsaustralia, covid, dollar, news, u.s

Dollar falls to a 3-month low against the yen - On Thursday, the dollar fell to a three month low against the yen as traders listened to comments from Jerome Powell, Federal Reserve Chair, that suggested interest rate hikes could be slowed down "as soon" as December. The dollar-yen exchange rate is very sensitive to long-term U.S yield changes The overnight drop in equities to 3.6% was almost two months long. Powell stated at the Brookings Institution, Washington, that slowing down at this stage is a good option to balance the risk. He also said that inflation control "will require…

Nov

04

2022

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By Kevin Bonner

Dollar gets a breathe over China opening hopes, US jobs data in the spotlight

Newschina, dollar, market, US

Dollar gets a breathe over China opening hopes The pound and the euro gained the ground they lost on Friday but they were set to suffer their largest weekly losses since September in advance of U.S. jobs data that could confirm the hawkish tone Fed Chair Jerome Powell delivered this week increasing the dollar. The main reason for the increase was the improved investor mood after reports that China might ease its anti-COVID policies, which led to China's currency strengthening rapidly. The euro closed up 0.24 percent at $0.9772 after trading at 0.54 percent higher. The sterling was trading up…

Oct

20

2022

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By Kevin Bonner

Global economic normalization is expected by the end of 2024: conference.

News, Worlddollar, dr. Cevdet, ECB, global economy

The normalization of the global economy situation is likely to occur in the next 18-24 months as per Dr. Osman Cevdet Akcay, a senior economist at the opening ceremony of the Kallanish Flat Steel conference held in Istanbul this week. The global economy is currently heavily impacted by the rise in inflation, however the most recent decision by the US Federal Reserve to tackle inflation, even at the expense of drastically slowing down the pace of economic development (or even triggering the possibility of a recession) is being embraced by policymakers across the world and is anticipated to bring positive…

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