The market’s attention was on President Donald Trump’s decision to withdraw from the international nuclear agreement with Iran a deal which eased economic
Against a basket of rivals, the dollar has surged about 4.5 percent in three weeks as expectations that other major central banks would follow the footsteps of the U.S. Federal Reserve in normalising monetary policy have been dashed.
The U.S. dollar rose to its highest level this year against a basket of currencies on Tuesday due to worries about political turmoil in Italy before paring some gains on a U.S. decision to withdraw from the worldwide nuclear deal with Iran.
The dollar index rose to a fresh 2018 peak while yields on the benchmark 10-year United States treasury note breached the key 3% level. 10-year US Treasuries are now yielding 2.994%. It was its highest level in two weeks alongside a rally in oil prices, which were in turn spurred by inflation expectations. As we explained in today's U.S. dollar daily update, inflation is likely to accelerate as a result of Trump walking away from the Iran nuclear deal.
Trump on Tuesday pulled the United States out of an worldwide nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies.
The greenback was also stronger against the euro. It was last up 0.4 percent at 93.100 in late US trading.
Six policemen killed in Indonesia prison riot
The Islamic State group claimed responsibility for the riot in a statement through its Amaq News Agency, which Iqbal rejected. Chief security minister Wiranto said the incident was being treated "very carefully because it concerns national security".
5.5 magnitude quake hits Kashmir
In Islamabad and Kabul, people fled their offices and homes and recited verses from the Holy Quran in the streets. The US Geological Survey says the temblor was centered just across the border, in a remote part of Tajikistan.
BSNL launches Rs 39 plan offering unlimited voice calls
Numerous telcos now have similar packs, and one such recharge plan that we will be comparing in this article is the Rs. 349 pack. Jio Rs. 299 prepaid plan offers 3GB of 3G/4G high-speed data per day and after that, the internet speed is reduced to 64 Kbps.
During times of political or economic uncertainty, gold prices often receive a boost as the metal is widely considered a safe-haven asset alongside the dollar and the Japanese yen. The common currency is now pressured over the escalating political spat in Italy.
The euro EUR= declined 0.5 percent to $1.1860 after hitting $1.1836 earlier, its weakest level since late December, Reuters data showed.
"For the time being there is no possibility of avoiding USA dollar, which is also due to the fact that the likelihood of an imminent monetary policy normalisation in other parts of the world is falling", Commerzbank analysts wrote in a note. The GBP/USD lost 0.24 percent, trading at 1.3515 after slipping to a four-month low of 1.3483 on Tuesday.
Soon after the local foreign exchange market opened, the US dollar moved higher against the Taiwan dollar on follow-through buying from the previous session and momentum accelerated as traders took their cue from the weakness of other regional currencies, dealers said. The NZD/USD dipped 0.2 percent to 0.6954, which was last hit in mid-December previous year.
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