Divas Unlimited Inc

Atlanta's Elite Fashion and Entertainment Consultants

FOREX-Dollar hits two-year low

The dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the U.S. Federal Reserves policy shift on inflation.To get more news about WikiFX, you can visit wikifx official website.

Against a basket of currencies the dollar was down 0.15% at 92.097 in midday trading, having earlier hit its lowest since April 2018. It is down 1.24% for the month, marking its worst August in five years and the longest run of monthly losses since the summer of 2017.

The euro, which makes up the majority of the basket against which the dollar index is weighted, was up 0.35% at $1.195, having gained 1.45% in August, also its fourth straight month of increases.

  Investors are adjusting to a speech last Thursday in which Federal Reserve Chair Jerome Powell outlined an accommodative policy change that is believed could result in inflation moving slightly higher and interest rates staying lower for longer.

Views: 43

Comment by Andre on October 20, 2021 at 8:32am

That's weird how much the situation has changed in a year because now Bitcoin almost broke the record, and it costs about $63k. No surprise that people actively trade it because it's pretty profitable nowadays, and I'm one of these people as well. I use British Bitcoin Profit for that, and I've already managed to earn more than I was making while trading Litecoin.

Comment by Bill Shiphr on October 21, 2021 at 4:49am

Thank you very much! I was just looking for data. How fortunate that I came across your article.

Comment by AleksShamles on October 21, 2021 at 6:09am

I couldn't agree more. It also seems to me that this is very useful information. Especially for those who are engaged in trading. I have been in this field for many years, but I want to say that during this time I was lucky enough to find only a few successful brokers. For example, I recently encountered this, if you are interested, read more information on the site and find out how it works. I like that at Iron FX you can trade more than 200 assets, including Forex, metals, indices, commodities, futures and stocks.


You need to be a member of Divas Unlimited Inc to add comments!

Join Divas Unlimited Inc

© 2022   Created by Diva's Unlimited Inc..   Powered by

Report an Issue  |  Terms of Service