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Your email address will not be published.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

Iran ends house arrest of opposition leader Karroubi

Iranian authorities have ordered the release of prominent opposition leader Mehdi Karroubi,…

Switzerland says US-Iran talks continue at Bürgenstock, declines to identify participants 

Switzerland continues to provide a “discreet and reliable setting” at Burgenstock to…

‘I cannot even go outside’: Man with same name as attacker doxxed

A Sydney-based Pakistani national, who shares the same name as one of…

Saudi-led coalition eases shipping restrictions on Yemen

It emerged that plans were taking shape for an extended truce in…