Tuesday, September 29, 2020
Home Lead Story US Dollar Gains Amid Global Growth Fears

US Dollar Gains Amid Global Growth Fears

The US dollar bought 109.19 Japanese yen, lower than 109.67 Japanese yen of the previous session

The US dollar rose as weak economic data from some major economies caused concerns over global growth, sparking demand for safe havens.

After accounting for seasonal factors, the IHS Markit Eurozone Manufacturing purchase management index (PMI) recorded a final reading of 51.4 in December, down from 51.8 in November, Xinhua news agency reported.

Although extending the current run of expansion to five-and-a half years, the latest PMI reading was the lowest seen since February 2016, said the data provider on Wednesday.

North Korea
US Dollar Image, pixabay

The dollar index, which measures the greenback against six major peers, increased 0.71 percent at 96.8145 in late trading.

Also Read- Watching High-Spirited Videos Online Could Make You Happier

In late New York trading, the euro decreased to 1.1344 dollars from 1.1459 dollars in the previous session, and the British pound fell to 1.2609 dollars from 1.2738 U.S. dollars in the previous session. The Australian dollar was down to 0.6997 dollar from 0.7048 dollar.

The US dollar bought 109.19 Japanese yen, lower than 109.67 Japanese yen of the previous session. The US dollar increased to 0.9903 Swiss franc from 0.9824 Swiss franc, and it decreased to 1.3585 Canadian dollars from 1.3635 Canadian dollars. (IANS)

STAY CONNECTED

19,134FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

Virtual ‘Deepotsav’ in Ayodhya Instead of Ram Lila

The Ayodhya administration has denied permission for Ram Lila in Ayodhya due to the coronavirus pandemic, however, the administration has started preparations to organize...

Changes in Diet and Lifestyle for a Healthy Heart

This World Heart Day, let's have a light-hearted conversation about the importance of having a healthy heart and how one should take care of...

Heart Disease in Teens Related to Diabetes Exposure in Womb: Study

In a major study, researchers have revealed that heart disease in young adults and teenagers may be related to exposure to diabetes in the...

Evergreen Magic of the Legendary Dev Anand

Dev Anand was one of the earliest superstars of the Hindi film industry, long before the term was officially coined by the Bollywood press....

B-Town’s ‘Ma Saraswati’ Lata Mangeshkar Turns 91

 Lata Mangeshkar turned 91 on Monday, and celebrities took to social media to greet the living legend. Actress Kangana Ranaut tweeted: "Wishing legendary #LataMangeshkar Ji...

Tobacco Kills 20% of All People Who Die From Coronary Heart Disease Every Year

The World Health Organization reports tobacco kills 1.9 million people, or 20 percent of all those who die every year from coronary heart disease....

Even Low Alcohol Consumption During Pregnancy Can Impact Child’s Brain Development

Researchers have found that even low levels of alcohol consumption during pregnancy can have an impact on a child's brain development. The study, published in...

Pandemic May Cause a Global Tsunami of Mental Health Problems: Researchers

Researchers, including one of Indian-origin, have found that Covid-19 pandemic will cause a global tsunami of mental health problems. Mental health problems were already a...

Recent Comments