Browsing: dollar

US sanctions policies will eventually result in the dollar losing its longstanding dominance in the global economy

The dollar index, which measures the currency against six others, was up 0.2% at 105.81 in New York afternoon trading

The dollar index, which tracks the currency against six peers, was last up 0.28% at 105.49

The Moscow Exchange (MOEX) suspended trading in dollars and euros on Wednesday, the move having been prompted by a new sanctions package unveiled by the US Treasury earlier in the day.

NEW YORK – The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates.

Most Latin American currencies rose on Friday as the dollar weakened after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve, while Mexico’s peso edged higher in the lead-up to presidential elections.

Against a basket of currencies, the dollar was down 0.11% to 104.44, for a 1.7% decline on a monthly basis

NEW YORK – The dollar slipped against most major currencies on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts.

The euro was little changed at $1.0871, not far from the nearly two-month high of $1.0895 it touched last week

China sold a record number of US bonds in the first quarter of this year, highlighting the country’s shift away from dollar assets, the latest data from the US Treasury Department reveals.