Tag: us dollar index

Oil Bulls Ride OPEC+ Wave to Push Brent Near $100 a Barrel
Economy

Oil bulls near to $100

Oil bulls near to $100 Crude prices rose 4% on Friday as rising oil prices eroded gains from a four-month sell-off that piled back on the market following the production cuts OPEC announced this week. With Brent back at $100 a barrel in what appears to be the first item on their clipboard, the bulls […]

Chinese Foreign Exchange Reserves fall to almost 4-years-low
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Chinese Foreign Exchange Reserves fall to almost 4-years-low

Chinese Foreign Exchange Reserves fall to almost 4-years-low Chinese foreign exchange reserves have decreased for the second month in a row to the lowest since October 2018 when the price of global financial assets fell, according to the government. The data released by the People’s Bank of China showed that foreign exchange reserves decreased to […]

DOLLAR IS STEADY AS POWELL'S SPEECH APPROACHES
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DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES

DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES The dollar, which was held for recent profits against the Euro and Sterling on Friday above the speech of the Chairman of the Federal Reserve Jerome Powell, expected by traders will offer clues on the planned tightening of the U.S. Central Bank tightening. Euro almost did not change […]

Gold Reaches a One-Year low
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Gold Reaches a One-Year low

Due to the rise in the US dollar index and prospects of more aggressive interest rate hikes, gold reaches a one-year low on Thursday.   The price of Spot gold fell about 0.2% to $1,693.90 per ounce by 0052 GMT. While in August 2021 the price was trading at $1691.40 per ounce. The dollar stayed below […]

FED focused on 2 percent inflation
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FED focused on 2 percent inflation- Jerome Powell

Jerome Powell the Central Bank’s Chair said on Friday that US Federal is deeply concentrating on returning inflation level to its 2% from the current 40-year record high. Jerome Powell also told Fed vows to fulfill its dual mandate which maximum employment and stability in prices. He also added that financial stability motivates the international […]