23 Hrs
Source:
معلومات مباشر
Dollar falls for second month amid bond buyback
The dollar continued its decline for the second consecutive month in August, with the Bloomberg U.S. Dollar Index dropping by 0.9% due to increased Treasury bond repurchase operations and expectations of Washington's expansion in debt purchases. This led investors to reduce their bets on a rising currency and diminished the attractiveness of American assets. Despite these pressures, the Federal Reserve Chief reiterated their commitment to curb inflation, boosting the likelihood of a more-than-50% chance of interest rate hikes in September, amid anticipation of the upcoming U.S. jobs report.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)