The Star Bulletin - Daily News Updates

Finance

FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows

FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows

FOREX-Dollar stays steady following strong US jobs report, Lira hits new lows. The dollar remained steady in comparison to the Euro on Monday and traders were taking the view that the U.S. In the coming months, the Federal Reserve will likely lift the benchmark rate to 5 percent and remain in place to limit inflation, following data that showed the economy is robust. An earthquake struck Central Turkey along with northwest Syria as well as a strong U.S. dollar added pressure on emerging currencies, bringing the Turkish lira to a new low record of 18.85 against the dollar. The Fed…
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