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Donald Trump and the leaders of Congress reached a deal on Monday on the debt limit. Fears of government default disappeared while the greenback surpassed its two-week high. Dollar added 0,24% while most of other currencies fell down. Thus, the greenback got the highest level since July 10. The news sources that the biggest loser among currencies was the New Zealand dollar. The Central Bank of the state is supposed to refresh monetary policy. The euro tried to fight against the american dollar, but could only maintain its two-year high. Another important currency that lose in early London trading was the British pound.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
The dollar was briefly lifted on Thursday after the U.S. Federal Reserve offered no concrete clues about its next course of action, while investors hoped for an easy policy as the coronavirus resurgence stalled economic recovery. The dollar ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
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