Welcome to
On Feet Nation
dnna mayugh Online
Selma Online
George Online
James Kruger Online
Khalid Shaikh Online
goditac499 Online
Posted by Robert on September 20, 2024 at 10:03am 0 Comments 0 Likes
Posted by jack on September 20, 2024 at 10:03am 0 Comments 0 Likes
Posted by dnna mayugh on September 20, 2024 at 10:03am 0 Comments 0 Likes
Posted by Selma on September 20, 2024 at 10:03am 0 Comments 0 Likes
FOREX-Dollar hits two-year low
The dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the U.S. Federal Reserves policy shift on inflation.To get more news about WikiFX, you can visit wikifx official website.
Against a basket of currencies the dollar was down 0.15% at 92.097 in midday trading, having earlier hit its lowest since April 2018. It is down 1.24% for the month, marking its worst August in five years and the longest run of monthly losses since the summer of 2017.
The euro, which makes up the majority of the basket against which the dollar index is weighted, was up 0.35% at $1.195, having gained 1.45% in August, also its fourth straight month of increases.
Investors are adjusting to a speech last Thursday in which Federal Reserve Chair Jerome Powell outlined an accommodative policy change that is believed could result in inflation moving slightly higher and interest rates staying lower for longer.
© 2024 Created by PH the vintage. Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation