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The dollar is near its lowest level in two and a half months as bets on interest rates grow DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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The dollar is near its lowest level in two and a half months as bets on interest rates grow

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The dollar is near its lowest level in two and a half months as bets on interest rates grow Empty The dollar is near its lowest level in two and a half months as bets on interest rates grow

Post by RamblerNash on Wed Jun 12, 2019 12:22 am

The dollar is near its lowest level in two and a half months as bets on interest rates grow

The dollar is near its lowest level in two and a half months as bets on interest rates grow 15613
 
11/06/2019

Economy News _ Baghdad

The dollar held above a two-and-a-half-month low on Tuesday as bets on the Federal Reserve cut interest rates, although investors are wary of selling strongly ahead of the G20 summit this month.

Markets take into account a 20 percent chance of a cut in interest rates in June, but take into account a 100 percent chance of a rate cut in July. The US central bank is scheduled to hold its next monetary policy meeting next week.

Against a basket of other currencies, the dollar was steady at 96.80, near the low of 96.46 in late March. The dollar has fallen 1 percent since the start of the month.

Statements favoring monetary easing by US central bank officials and weak economic data reinforced expectations of a cut in interest rates. But markets are also looking forward to the G20 meeting in Osaka, Japan, on June 28-29.

US President Donald Trump said on Monday he was ready to impose more duties if talks with Chinese President Xi Jinping at the G20 meeting did not make progress.

The pound fell as rivalry for the leadership of the ruling Conservative Party began this week.

The euro rose to a five-month high against the pound to 89.32 pence ahead of British employment data.

http://economy-news.net/content.php?id=16885
RamblerNash
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