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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
According to ING Bank, the US dollar remained relatively strong despite unspectacular economic data because the foreign exchange markets found no better alternative to the greenback.
Source: https://business.inquirer.net/415475/weak-gdp-numbers-point-to-more-peso-downside
A consolidative tone has emerged, and the greenback has traded down to almost CAD1.3720.
And importers have to buy the greenback using BDT to make payments for imports.
As Paul Keating would say, the pet-shop galahs are all talking about “de-dollarisation” – that is, the demise of the greenback as the world’s reserve currency.
Source: https://thenewdaily.com.au/finance/2023/04/20/america-china-currency-kohler/
At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.18 to 83.24 against the greenback.
Source: https://www.freepressjournal.in/business/rupee-snaps-two-day-fall-recovers-6-paise-against-us-dollar
Brazil and China recently struck a deal to settle trade in their local currencies, seeking to bypass the greenback in the process.
But while the dominance of the dollar has wavered slightly in recent months as rivals try to muscle in, the greenback is unlikely to be displaced as the world's dominant reserve currency, experts say.
Currently, for instance, the Kenya shilling trades at a historic low of Sh127.17 against the greenback.
Gold tends to rise in periods when the US currency is depreciating, and downside risks to the greenback have risen alongside money market pricing of Federal Reserve rate cuts.”
Imagine a parent has to shell out ₹82 to get a greenback.
It settled at 82.16 (provisional) against the greenback, registering a loss of 10 paise over its previous close of 82.06.
Meanwhile, other major currencies gradually advanced against the greenback with EUR/USD notably moving up from 1.0890 to 1.0930 ahead of the ECB meeting decision later.
Pakistani rupee gained strength against the US dollar as the greenback was being traded at 273.33 rupees in the interbank on Wednesday, according to the State Bank of Pakistan.
Source: https://www.canindia.com/pakistani-rupee-strengthens-against-usd/
The dollar index, which measures the greenback against its major peers, is down 0.28% at 106.17.
The dollar index, which measures the greenback against six other currencies, fell 0.45 per cent as commodities currencies like the Australian dollar gained and the euro rose on the positive French and German inflation data.
The greenback also broke above its 200-day-moving average against the yen for the first time this year, rising as far as 0.5 percent to a nearly three-month high of 137.9 yen.
Source: https://business.inquirer.net/390028/dollar-hits-3-mth-high-as-powell-flags-higher-rates
The greenback has gained support from the recent slew of U.S. economic data, which suggest that interest rates will remain high for some time.
Source: https://247wallst.com/investing/2023/08/23/4-gold-stocks-to-watch-in-a-lackluster-industry/
The greenback rose against all the major currencies last week with the one exceptions of the a small fall vs the GBP.
The lira has lost over 70% of its value against the US dollar since the beginning of 2022 and has hit new record lows against the greenback since the start of March.
The loonie was trading 0.1 per cent lower at 1.3660 to the greenback, or 73.21 U.S. cents, after touching its weakest level since March 28 at…