Thursday, October 17, 2024
15.8 C
London

The dollar is near an 11-week high, supported by the possibility of Trump winning

The dollar is near an 11-week high, supported by the possibility of Trump winning

The most prominent event in Asia on Thursday was the press conference held in China at 0200 GMT and focused on measures aimed at supporting the sector. Real estate distressed in the country.

And he settled down Yuan On the mainland, it was at 7.1179 per dollar, while in the latest trading abroad, it rose 0.14 percent to 7.1261 per dollar.

The Australian dollar rose 0.66 percent to $0.6710 after Thursday’s data showed that net jobs in Australia rose by 64,100 jobs in September compared to August, which far exceeds market expectations that indicated an increase of 25,000 jobs, while the unemployment rate remained constant.

And in the broader market, record Dollar Strong performance after reaching an 11-week high against a basket of currencies in the previous session.

It was traded Pound Sterling It rose 0.03 percent at $1.2995, but remained near the lowest level in two months recorded yesterday, Wednesday, due to inflation data in the United Kingdom, which was weaker than expected.

He did not testify euro Little change to trade at $1.0864 ahead of the European Central Bank’s upcoming monetary policy meeting later Thursday, during which it is expected to announce another cut in interest rates.

The dollar was not only supported by a series of positive economic data that prompted traders to reduce their expectations regarding the Federal Reserve (the US central bank) lowering prices. Interest But also the possibility of Republican candidate Donald winning Trump In the elections scheduled for next month, this is because his policies mean reducing the possibility of a sharp cut in interest rates.

And he settled down Dollar index In the latest trading at 103.47, after recording a peak of 103.60 in the previous session, according to Reuters data.

The New Zealand dollar rose 0.28 percent to $0.6074.



Source link

Hot this week

Harris grilled on Fox News on immigration, Biden’s fitness for office

Democratic presidential candidate Kamala Harris defended the Biden...

Israel launches strikes at Syrian port, US forces target Houthi weapons storage sites in Yemen,

An Israeli strike targeting Syria’s Mediterranean port city...

With a constitutional amendment… Pyongyang classifies South Korea as an “enemy state”

“This is a legitimate and inevitable measure taken...

One Direction singer Liam Payne dead after falling from Buenos Aires hotel balcony

Former One Direction singer Liam Payne was found...

Washington bombs with B-2 bombers Houthi weapons stores in Yemen

The US Secretary of Defense said Lloyd Austin...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img