Dollar heads for weekly gain as investors weigh rates, recession risks

Business Standard LogoBusiness Standard1 mo ago

Dollar heads for weekly gain as investors weigh rates, recession risks

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The dollar index inched up 0.07% in Asian trading, after a 0.

For the week, it is down 0.86% with investors judging Europe's economic predicament to be more precarious than in the United States, compounded by an energy crisis stoked by the war in Ukraine.

Mid-week, the yen dropped to a multi-decade low of 137.00 per dollar as the Fed's aggressive stance contrasted sharply with the Bank of Japan's steadfast dovishness.

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Author / Journalist: Reuters

Category: EconomyFinance

Topics: Friday Economic Investors Dollar Content Standard Been Business Recession Week

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 11:58:00

News Timezone: GMT +5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 833 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 24508

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About Business Standard

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Main Topics: EconomyFinance

Official Website:

Update Frequency: 253 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

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Publisher ID: #49

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