US Dollars.

US dollar inches down slightly

October 5, 2018

The US dollar fell marginally on Thursday amid spike of 10-year Treasury yields, with the dollar index falling 0.01 per cent at 95.7483…reports Asian Lite News

US Dollars.

In late New York trading, the euro decreased to $1.1513 from $1.1517 in the previous session, and the British pound rose to $1.3023 from $1.2975 in the previous session.

The Australian dollar decreased to $0.7074 from $0.7120.

The US dollar bought 113.86 Japanese yen, lower than 114.33 Japanese yen of the previous session. The US dollar rose to 0.9915 Swiss franc from 0.9898 Swiss franc, and it was up to 1.2923 Canadian dollars from 1.2841 Canadian dollars.

The yield of 10-year Treasury debt reached 3.232 per cent in the morning session, the highest level since May 2011, which sparked a correction of US stock markets.

US economy demonstrated continuous strength with initial unemployment claims in the week ending September 29 at 49-year low of 207,000, according to data issued by the Department of Labor.

Previous Story

Kavanaugh argues he’s an ‘independent, impartial judge’

Next Story

European Commission quotes ABBA after May’s dances moves

Latest from BUSINESS

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of

Qatar Debut For Tata

Tata Motors emphasised that its international offerings are backed by strong research and development capabilities, with vehicles that are thoroughly tested and

India’s Millionaire Wealth Surges

Strong equity markets and investor optimism around artificial intelligence (AI) played key roles in bosting returns and overall wealth creation India recorded