The US Dollar (USD) gained on Thursday, boosted by month-end buying, despite data showing signs of a slowing US economy that suggested the Federal Reserve may be done raising interest rates and start easing by the middle of next year. The dollar index, which measures the greenback’s value against six major currencies, rose 0.5% to 103.38. The index was on track to post its best daily gain in more than a month.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

No chance of ruling out Covid-19 restrictions: Sajid Javaid

London: On Dec 19, Britain’s health minister Sajid Javid has declined any…

Indian farmers resume Delhi protest push after talks fail

Thousands of Indian farmers riding tractors prepared to resume their push towards…

Russia triggers walkout at UN Security Council

Representatives of several Western countries walked out of a United Nations meeting…