FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration
Lingering worries about the spread of the coronavirus could keep some currency pairs in a tight range, but the dollar’s losses are gradually increasing as sentiment favours riskier bets on long-term economic growth. “A lot of major U.S. economic data have been positive, so this will be less of a trading factor going forward. People are looking for cues from stocks, yields, and hedging costs.”Against the euro, the dollar was quoted at $1.1334, close to a three-week low.Sterling held steady at 89.86 pence per euro.Asian stocks rose on Thursday in a sign that financial markets are following gains in the tech-heavy Nasdaq to a record closing high on Wednesday.
Money is a manmade resource. It's infinite. It's created out of thin air by banks as debt on computer screens. Move the decimal point six spaces to the left. Economy = fixed.
I’m glad US Bankers and billionaires finally smartened up to the bitcoin bullshit...
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