Dollar Nosedives, Investors Indecisive

Dollar Nosedives, Investors Indecisive

It seems like the Dollar didn’t had its day on Friday as it dropped considerable, thereby putting to end the long rally against yen. It was reported that the euro was seen going up by 0.6% at $1.3164.

It is being believed that the U. S. inflation data could be one of the reasons which pushed the dollar down, thereby making it clear that investors are not so sure about how the economy is going to shape up in the time to come.

“First, it doesn't take much to reverse the USD buying trend, and second, lower inflation is a plus for risk-correlated currencies because it reduces risk of any near-term hiking move”, said Steven Englander, head of G10 strategy at CitiFX, a division of Citigroup in New York, who is of the view that this drop must be seen as a learning lesson which could help investors to make a decision about their future investment.

It is being believed that there could be simmering fear among the investors that there could be hike in interest rates in offing which has pushed the value of dollar down. The coming weeks are going to be crucial for investors to decide how they are going to ascertain the global economy.


FrenchTribune Specials

Nuclear fusion reactor could be operation in 10 years: Lockheed Martin

Lockheed Martin, an American global aerospace, defense, security and advanced technology company has built a compact nuclear fusion reactor which is clean, safe and completely sustainable.

In view of the fact that nuclear fusion is such a powerful way to generate energy, it could eventually replace all other forms of energy production...

Most Popular

Brain-eating amoeba in water supply leads to indictment of two employees

Two workers at Saint John the Baptist Parish in New...

Europeans remained lactose intolerant well after adopting cheese-making: study

Ancient Europeans remained intolerant to lactose nearly...

Christiana Figuere surges for unity in climate talks

Christiana Figueres, the head of UN'S climate change...

Scottish mothers suffering depression lack help

According to a new report, pregnant and new mothers...

Poll

Can Greece Come out of Economic Problems: