Browsing: dollar

NEW YORK/LONDON – MSCI’s global stock index barely rose on Friday while the U.S. dollar edged down after the U.S. Federal Reserve’s favored inflation reading showed moderating prices and investors waited anxiously for clues on interest rate policy days ahead of the central bank’s closely monitored meeting.

Iran and Russia have officially abandoned the US dollar for mutual settlements after the countries finalized an agreement to trade in the ruble and the rial, Iranian news agency IRNA reported this week. The agreement was sealed during a meeting in Russia between the heads of the central banks of the two countries, the outlet said.