Login ID:
Password:
Partner Login
Contact Us : 7066511911

Dollar Index Sharply Down As US Fed Keeps Interest Rates Unchanged

12 Dec 2019 9:25 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Dollar Index sharply down to four month low as US Fedral reserve held interest rates steady and signaled borrowing cost will not change any time soon, with moderate economic growth and historically low unemployment expected to persist through the 2020 presidential election.

Federal Reserve Chairman Jerome Powell said Wednesday that he’d prefer to let inflation rise and hold above the central bank’s target before considering future interest rate hikes.

A weak dollar is supportive for the commodities prices.

(By Commoditiescontrol Bureau; +91-22-40015502)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
BMD CPO Snaps 5-Day Losing Streak On Short-Covering, St...
Refined Palm Oil Cargoes Stuck At Indian Ports After Im...
Long/Short Quantity Position In NCDEX Mustard Seed On 1...
BMD CPO Set To Snap 5-Day Losing Streak On Short-Coveri...
Malaysia's Jan 1-20 Palm Oil Exports Seen Down 9.9% MoM...
more
Top 5 News
Comex Gold Up On Safe-Haven Interest; SPDR Holdings On ...
China's Refined Copper, Lead & Zinc Output Hit Record ...
Spot Mentha Prices Down On Sluggish Demand
Domestic Sugar Prices Rule Mostly Weak
Spot Jeera Rules Weak On Prospects Of Higher Production...
Top 5 Special Reports
USDMYR
USDCNY-CHINESE YUAN/USDIDR-INDONESIAN RUPIAH
USDARS-ARGETINE PESO/USDBRL-BRAZILIAN REAL
CRB INDEX/US DOLLAR INDEX CONTINUOUS
USD/INR (Jan. 20) Attempting a Bounce-back from Supp...
Copyright © CC Commodity Info Services LLP. All rights reserved.