November 14, 2019, 4:45


Dollar Reportedly Braces for Biggest Two-Day Slump As Currency Suffers Great Fall on Thursday

Dollar Reportedly Braces for Biggest Two-Day Slump As Currency Suffers Great Fall on Thursday

Earlier this day the dollar slumped 0.5% against a basket of its rivals to 69.755. It also plummeted to a six-month low against the Japanese yen at 107.47.

The US dollar is expected to suffer its biggest two-day drop this year as the US Federal Reserve hinted about the possibility of cutting interest rates as early as next month, Reuters reported.

Earlier in the day, the dollar sank 0.5% against a basket of its rivals while Asian markets enjoyed gains.

The US Federal Reserve along with the European Central Bank and the Australian Central Bank championed more policy stimulus to boost growth which prompted a recovery of such currencies as the Australian dollar and the Korean won.

Meanwhile, the Chinese yuan regained its strength amid dollar’s weakness and indications of possible trade talks between Washington and Beijing.

Previously, the Federal Reserve rejected the possibility of a cut in base interest rates in the coming months, citing robust economic growth.

Trump has repeatedly called on the Fed to cut interest rates and resume quantitative easing in recent months in a bid to boost the US economy and help in the US trade war against Beijing. China has devalued its currency, the yuan, to cope with the harsh US tariffs.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today11/13/2019
0℃

Thu
11/14/2019
overcast clouds

  • overcast clouds
  • HI/LO: 5/0
  • Clouds: 100%
  • Wind: 4.97 m/s
  • Wind Direction: S
  • Pressure: 1029hPa
  • Humidity: 68%

Fri
11/15/2019
overcast clouds

  • overcast clouds
  • HI/LO: 4/1
  • Clouds: 100%
  • Wind: 4.18 m/s
  • Wind Direction: S
  • Pressure: 1031hPa
  • Humidity: 64%

Sat
11/16/2019
overcast clouds

  • overcast clouds
  • HI/LO: 3/0
  • Clouds: 99%
  • Wind: 4.54 m/s
  • Wind Direction: S
  • Pressure: 1030hPa
  • Humidity: 75%

Sun
11/17/2019
overcast clouds

  • overcast clouds
  • HI/LO: 3/0
  • Clouds: 99%
  • Wind: 3.67 m/s
  • Wind Direction: SSW
  • Pressure: 1030hPa
  • Humidity: 81%

Mon
11/18/2019
overcast clouds

  • overcast clouds
  • HI/LO: 4/0
  • Clouds: 99%
  • Wind: 3.04 m/s
  • Wind Direction: SW
  • Pressure: 1028hPa
  • Humidity: 83%

Tue
11/19/2019
overcast clouds

  • overcast clouds
  • HI/LO: 2/0
  • Clouds: 100%
  • Wind: 2.51 m/s
  • Wind Direction: S
  • Pressure: 1025hPa
  • Humidity: 81%

Сторонняя реклама



Статьи
Статьи В
Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
Яндекс.Метрика