Dollar at 8-Month Low
World Economy

Dollar at 8-Month Low

The US dollar remained on the defensive on Tuesday, after carving out a fresh low on the break of a technical barrier overnight as momentum sellers joined in the fray, Reuters reported. The dollar index was swept to a near eight-month low of 93.75 on Monday as the October trough of 93.80 gave way. It has since drifted back to 94.01 in early Asia. Still, the index has shed nearly 3% after recent dovish comments by Federal Reserve Chair Janet Yellen doused expectations for hikes in US interest rates anytime soon.


Short URL : http://goo.gl/X3Z01F
  1. http://goo.gl/MIFRnx
  • http://goo.gl/26l2rg
  • http://goo.gl/8mMZza
  • http://goo.gl/KH0S9u
  • http://goo.gl/XmVLrf

You can also read ...

Catalan regional vice-President and chief of Economy and Finance, Oriol Junqueras (2ndL), Spain’s King Felipe VI (7thL), Spanish Prime Minister Mariano Rajoy (6thL), President of Catalonia Carles Puigdemont (9thR), Spanish vice-President of the Government and Minister of the Presidency and of the Regional Administrations Soraya Saenz de Santamaria (5thL), Barcelona’s mayor Ada Colau (8thR), President of the Catalan parliament Carme Forcadell (4thL) and officials observe a minute of silence for the victims o
European stocks continued to trade deep into the red on Friday...
Mexico Hit by Major Bribery Scandal
Mexico is the latest country caught up in the swirling scandal...
Pan-European stocks were down on Friday following falls in Asian and US stocks overnight.
European stocks continued to trade deep into the red on Friday...
The economy is on track to meet full-year target growth.
The Philippine economy grew by 6.5% in the three months to...
Indonesia’s First Trade Deficit in 19 Months
Indonesia posted its first trade deficit since late 2015 in...
Malaysia GDP grew 5.8% year-on-year in the second quarter.
Malaysia’s economic growth accelerated unexpectedly to the...
The Industrial and Commercial Bank of China
Chinese banks are set to see a slowdown in lending growth in...
Tech Sector Suffering as Brexit Uncertainty Bites
Uncertainty caused by the UK’s decision to exit the European...