01-01-1970 12:00 AM | Source: GEPL Capital
The dollar was little changed against a basket of currencies on Tuesday - GEPL Capital
News By Tags | #2767 #57

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* The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country's biggest brands - but a weak yen and rising costs have accelerated a slow decline, and are reshaping the industrial heartland.

* Speculators' net long positioning on the U.S. dollar rose in the latest week, while net shorts on the euro increased, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

* The U.S. dollar index hit a five-week high and posted its biggest weekly gain since April 2020 on Friday as investors adjusted for the likelihood that the Federal Reserve will keep hiking rates to battle inflation.

* After almost a month on the back foot, the U.S. dollar is on the rise again and shaping up for its best week since March.

* Russia has charged up to third place in a list of countries outside mainland China using the yuan for global payments, highlighting how it is being affected by Western sanctions.

* The U.S. dollar rose to a new one-month high in early European trade as Federal Reserve policymakers pointed to further aggressive interest rates ahead in the battle to tame soaring inflation.

 

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