SINGAPORE - The dollar was poised to register a fourth straight monthly drop on Monday as investors bet on U.S. rates staying low for longer, while the yen steadied on the view that Japan’s next leader will stay the course on the ‘Abenomics’ economic revival programme.
The yen eased by about 0.3% in Asia to 105.62 per dollar, having climbed as far as 104.195 on Friday in the wake of Abe’s resignation as prime minister for health reasons. Yen crosses also reeled in some of Friday’s leap. The New Zealand dollar made a post-COVID high of $0.6749. China’s yuan hit a 14-month peak of 6.844 to the dollar in offshore trade as investors cheer the services growth rather than fretting about a stalled rebound in manufacturing.
“It seems clear to us that we are at the start of a multi-year period of dollar decline, from very elevated levels,” said Societe Generale strategists Kit Juckes and Olivier Korber.“Questions over Abenomics in conjunction with the broader dollar move leaves dollar/yen vulnerable to the downside over the short-term,” analysts at MUFG wrote in a note.
So much for the central bank system. Hello gold standard. Qanon76
FYI. There are other assets used by the world and other currencies held digitally. Don’t be stuck holding that worthless paper.
I don't trust the USD. I would rather have gold or a barrel of oil to heat my house then a piece of paper that already lost over 95% of it's purchasing power since it came into existence.
About the author of ‘How can we thrive working from home?’ Cherie Diaz is the Managing Director of Australian operations at OpenLearning Limited (ASX:OLL)
PwC Australia will on Monday release a report which recommends a tighter partnership between industry and government to address future skills needs with 'micro-credentials'. OpenLearning is leading this Micro Credentials!!
OpenLearning ASX:$OLL & Australian Trade and Investment Commision Deal OpenLearning=ASX:$OLL Quarterly activities report.
Hi, I am a professional graphic designer and freelancer. I can provide some services such as Background remove and banner design. If you need such kind of job, please contact with me. Thanks
OpenLearning=ASX$OLL Half year results🚀🚀🚀
OpenLearning Ltd [ASX:OLL] 🚀has some interesting prospects. Not only operating within the online education ecosystem, but also partnering with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Source: CafeMom - 🏆 701. / 51 Read more »
Source: billboard - 🏆 112. / 63 Read more »
Source: latimes - 🏆 11. / 82 Read more »
Source: etnow - 🏆 696. / 51 Read more »