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US dollar weakens amid gloomy economic data

US dollar weakens amid gloomy economic data

New York : The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data. In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and ...

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China’s yuan trades lower against US dollar

China’s yuan trades lower against US dollar

Beijing : The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis points to 6.7495 against the US dollar on Monday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, ...

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US dollar drops after Mnuchin backs weaker greenback

US dollar drops after Mnuchin backs weaker greenback

By Barry Eitel, San Francisco: The dollar sank to a three-year low Wednesday after Treasury Secretary Steven Mnuchin said a weaker U.S. currency would boost U.S. trade. Mnuchin made the comment during a press conference at the World Economic Forum ...

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US dollar declines amid political uncertainties

US dollar declines amid political uncertainties

New York : The US dollar fell against most other major currencies after former National Security Adviser Michael Flynn pleaded guilty to lying to the Federal Bureau of Investigation (FBI) regarding his contacts with Russia. “My guilty plea and agreement ...

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US dollar declines against other major currencies

US dollar declines against other major currencies

New York : The US dollar declined against other major currencies, amid comments from European Central Bank’s (ECB) official and speculation that the tax overhaul plan Trump raised would stall. In late New York trading on Tuesday, the euro increased ...

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US dollar drops against euro amid downbeat data

US dollar drops against euro amid downbeat data

New York:(IANS) The US dollar lost against euro Thursday as economic data of the country came in worse-than-expected. On the US economic front, in the week ending September 26, the advance figure for seasonally-adjusted initial jobless claims increased by 10,000 ...

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