Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

RTTNews | 1066 दिनों पहले
Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

(RTTNews) - The U.S. dollar climbed higher against its major rivals on Monday, with investors looking ahead to the crucial inflation data due later in the week, and betting on hopes the Federal Reserve will continue with its policy tightening moves.

Worries about growth and fresh curbs in Shanghai to halt the spread of Covid-19 infections contributed as well to the increased demand for the safe-haven currency.

Russia's decision to turn off Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, has raised energy crisis. Flows are expected to stop for 10 days, but it is feared that the shutdown might be extended due to war in Ukraine.

The dollar index surged to a fresh near two-decade high to 108.27, gaining about 1.2%.

Against the Euro, the dollar has firmed to $1.0043, gaining nearly 1.5%.

The dollar is trading at $1.1896 against Pound Sterling, strengthening from $1.2035.

Against the Japanese currency, the dollar is stronger, fetching 137.43 yen a unit, compared with 136.10 yen on Friday.

The dollar has firmed to 0.6736 against the Aussie, gaining from 0.6862.

Against Swiss franc, the dollar is stronger at CHF 0.9834, climbing up from CHF 0.9766.

The Loonie is trading at 1.3003 against the dollar, strengthening from 1.2941.

read more
UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | 16 मिनटों पहले
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 1घंटे 34 मिनट पहले
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 1घंटे 48 मिनट पहले
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 2घंटे 1 मिनट पहले
Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.
RTTNews | 2घंटे 14 मिनट पहले
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 3घंटे 5 मिनट पहले