[ad_1] Last Updated: July 05, 2023, 02:13 IST New York, United States of America (USA) Previous flare-ups also benefited the U.S. dollar, reducing demand for gold. Spot gold rose 0.4% to $1,928.09 per ounce by 09:31 a.m. EDT (1331 GMT), with trading volumes likely thinned by a U.S. holiday Gold prices edged higher on Tuesday … Read more
[ad_1] MUMBAI: The Indian rupee on Wednesday was unmoved by the U.S. dollar‘s Chinese yuan-fuelled strength, helped by the possible dollar inflows and an important support level.The rupee was at 82.64 against the U.S. dollar by 10:52 a.m. IST, compared to 82.71 on Tuesday. This is despite a further decline in the yuan, which pushed … Read more
[ad_1] The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan said it would maintain ultra-low interest … Read more
[ad_1] Calls to move away from relying on the U.S. dollar for trade are growing. More and more countries — from Brazil to Southeast Asian nations — are calling for trade to be carried out in other currencies besides the U.S. dollar. The U.S. dollar has been king in global trade for decades — not … Read more