Tag: dollar
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Dollar rises as Middle East conflict lifts oil, Fed hike looms
NEW YORK, Sept 14 : The U.S. dollar rose across the board on Monday, as the ongoing conflict in the Middle East pushed up oil prices and sent investors towards the safe-haven currency, and as investors braced for the Federal Reserve’s first interest-rate hike in more than two years.Warnings from leaders of t
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Dollar gains as Middle East conflict lifts oil, Fed hike looms
NEW YORK, Sept 14 : The U.S. dollar rose across the board on Monday as conflict in the Middle East pushed up oil prices and sent investors towards the safe-haven currency, and as investors braced for the Federal Reserve’s first interest rate hike in more than two years.Warnings from leaders of the biggest AI
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Dollar rises against euro and Swiss franc after US inflation data
NEW YORK, Sept 11 : The dollar edged higher against the euro and Swiss franc on Friday after U.S. inflation data showed a rise in consumer prices, reinforcing expectations that the Federal Reserve will raise interest rates next week. The dollar initially gained after the data release. However, i
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What is BRICS Pay?
BRICS countries are working on a cross-border payment system. The BRICS Pay project forms part of a broader push to reduce reliance on the dollar and Western-dominated financial infrastructure.
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Dollar edges higher against Swiss franc after US inflation data
NEW YORK, Sept 11 : The dollar edged higher against the Swiss franc on Friday after closely watched U.S. inflation data showed a rise in consumer prices, reinforcing expectations that the Federal Reserve will raise interest rates next week. The dollar initially gained as the data boosted the likelih
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Dollar edges higher against euro after US inflation data
NEW YORK, Sept 11 : The U.S. dollar edged higher against major peers on Friday after closely watched inflation data showing higher consumer prices reinforced expectations of a Federal Reserve interest rate increase next week.Labor Department data showed that the U.S. consumer price index increased 0.4 per cen
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Dollar gains, euro slips after expected ECB rate increase
NEW YORK/LONDON, Sept 10 : The dollar rose against major currencies on Thursday, reversing some of this week’s losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.The ECB raised interest rates on Thursday for the
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Dollar trades near 7-month low against yen as oil settles above $100
NEW YORK, Sept 9 : The dollar traded near a seven-month low against the yen on Wednesday as oil prices settled above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s
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Dollar hovers near seven-month low vs yen as oil tops $100
NEW YORK, Sept 9 : The dollar hovered near a seven-month low against the yen on Wednesday as oil prices climbed above $100 a barrel amid an escalating conflict in the Middle East, while investors positioned for central bank meetings next week.The U.S. currency has come under pressure largely due to the yen’s
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Yen hovers near seven-month high, dollar steadies
NEW YORK, Sept 8 : The Japanese yen hovered near a seven-month high on Tuesday, while the dollar was little changed against major peers as a renewed rise in oil prices and higher U.S. Treasury yields kept investors cautious.The yen has gained nearly 5 per cent since last week, driven partly by several factors
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