Tag currency

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Yen, Swiss Franc Rise on Omicron Fears

The yen, considered a safe haven by some, and the Swiss franc rose Friday (Dec. 3), while global stocks and bond yields fell on fears of the spread of the Omicron variant of COVID-19. The dollar index was slightly higher…

set of paper banknotes and small flag of usa

U.S. Dollar Weaker Today After Powell Statement

The dollar is weaker today after Fed Chairman Jerome Powell indicated yesterday that the Federal Reserve is likely to slow asset purchases. The dollar index against a basket of six other currencies was down 0.1% at 95.970.EUR/USD was up 0.1%…

set of american cash money and medical facial masks

Dollar Falls After Discovering New Mutations

The dollar weakened on Friday due to growing investor concerns about new mutations. The U.S. dollar index fell 0.07% against other currencies to 96.685, moving away from 96.938, the highest level in almost 17 months. The yen dropped 0.58% to…

collection of banknotes with dollar bill on top

Dollar Strength Continues

The dollar index fell 0.1% to 96.733 against the six major currencies in a basket of currencies. Investors expected that high inflation would force the Fed to raise interest rates faster than expected; while the index is up 2.77% this…

set of usa dollars and national flag

U.S. Dollar Rises Near 16-Month High After Interest Rate Hike

The dollar gained on Friday is the best performance in five months. Investors feared that the central bank would raise interest rates faster than expected due to unexpectedly high inflation. The U.S. dollar index DXY rose 0.07% against other currencies…

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Gold Gains After Dollar Weakness

Gold futures rose last night (November 1) as a result of the devaluation of the dollar, and the dwindling purchasing power. Gold futures were up $11.9, or 0.67%, at $1,795.8 per ounce. Silver futures were up 12.4 cents, or 0.52…

closeup of president printed on bill looking away

Dollar Rises, Investors Focus on Central Bank Decisions

The dollar is getting stronger. Policy decisions by central banks in Australia, Japan, and Europe have made trading volatile. The dollar index, which tracks the greenback against six other currencies, rose 0.1% to 93.835, with limited movement ahead of next…

closeup of president printed on bill looking away

Dollar Heights

The dollar’s strength came after reports in China indicated that the government may move away from tighter regulation in relevant sectors to spur economic growth. The US dollar index against other major currencies rose 0.04% to 93.84. The yen rose…

close up of one us dollar

The Farce of the Fiat System

Imagine a world where fiat currency does not yet exist. Now your government has decided to introduce dollars as a medium of exchange. You are the first to go to a bank and borrow 1 dollar. This dollar you have…

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