The Russian ruble fell by more than 58 against the dollar, on Friday, to its weakest point during the morning, after the central bank cut interest rates for the fourth time this year by 150 basis points to 8 percent, exceeding expectations. By 10:47 GMT, the ruble fell 1.9 percent to 58.14 against the dollar, … Read more
The Turkish lira fell below 17.5730 against the US dollar, on Tuesday, its weakest level since the major currency crisis in December; It was affected by the strength of the dollar and concerns about high domestic inflation and low interest rates. The lira has fallen about 25% this year, after falling 44% in 2021, to … Read more
The exchange rate of the Indian currency – the rupee – fell to more than 80 rupees to the dollar, for the first time, on Tuesday, at a time when the dollar strengthened its position and increased the flow of foreign capital abroad. Bloomberg data showed that the rupee hit 80.0600 against the dollar shortly … Read more
The US dollar settled at its highest level in two decades, Friday, after global markets swept into a wave of risk-off, with traders expecting the Federal Reserve to raise interest rates by 100 basis points later this month.Currencies seen as more vulnerable, including the Australian dollar and the British pound, have been pressured by a … Read more
U.S. dollar The dollar rose against most of the major currencies during today’s trading, and maintained its gains following the release of the Federal Reserve’s meeting minutes. Government data released today showed that the “ISM” index of service purchasing managers in America fell to the level of 55.3 points in June, the lowest level in … Read more
The US dollar fell broadly on Thursday, giving up gains in recent sessions as risk appetite encouraged investors to buy higher-yielding currencies. Stock markets around the world rose on Thursday after their recent slump, as bets that Saudi Arabia might boost oil production helped cool crude prices, offsetting fears of rising inflation and tightening monetary … Read more
(Archyde.com)The US dollar is headed for its worst week since early February against the major currencies on Friday, losing some of the momentum it gained from a sudden 10 percent rise in its value.The dollar received a boost from investors’ appetite for it, as a safe haven amid turmoil in the markets due to fears … Read more
The dollar hit a two-decade high on Thursday, after inflation in the United States fell less than the markets expected, which means that the Federal Reserve will go on its way to tighten monetary policy strongly.The dollar, which is a safe haven, also got support from the decline in global stocks, amid investors’ fears that … Read more