Browsing: US dollar

The Bank of Russia set the official dollar rate of 87.7024 rubles for August 3-5, down eight kopecks against the previous indicator.

Washington’s policies are simply pushing Moscow further along a path it has already embarked on

Gold prices held firm on Friday and were set for their first weekly gain in three as traders stepped up bets that the Federal Reserve will start cutting rates soon, sending the dollar and Treasury yields lower.

The personal consumption expenditures (PCE) price index rose 0.3% in March, compared to a forecast of a 0.3% increase, according to the data In the 12 months through March, PCE inflation advanced 2.7% against expectations of 2.6%

Argentinian President Javier Milei’s controversial “shock therapy” has bolstered the country’s currency in a key foreign-exchange market, performing at levels unmatched across the globe, according to Bloomberg.

NEW YORK/LONDON – The dollar headed toward a second week of gains on Friday, after a slight rate hike in Japan gave the yen a slight reprieve and a surprise cut in Switzerland highlighted the gap in interest rate policy between the Federal Reserve and other central banks.

NEW YORK – The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of weakness, suggesting the Federal Reserve could keep interest rates higher for longer or reduce the planned number of rate cuts this year.

LONDON – The dollar index was set for its sharpest weekly drop since mid-December on Friday ahead of U.S. payrolls data, as Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months.

Dollar steady versus euro ahead of ECB and US data, bitcoin in spotlight

In a recent development that highlights Egypt’s ongoing economic challenges, the Ministry of Education has issued a directive prohibiting the collection of tuition fees in foreign currencies for Egyptian students in private and international schools amid a severe economic crisis and the scarcity of foreign currencies in the country. However, some private and international schools continue to demand payments in US dollars.