A weaker U.S. dollar helped lift the stock market — but the greenback’s peak may still be ahead
A pullback in the U.S. dollar earlier this week was credited with helping to lift a rallying stock market, but one strategist isn’t convinced U.S. currency has peaked.
The dollar extended its losses against other major currencies on Thursday after data showed July wholesale prices cooled a day after encouraging headline consumer price index data. The ICE U.S. Dollar Index DXY , a measure of the currency against a basket of six major rivals, rose 0.6% on Friday but was on track for a 0.9% weekly fall.
The euro EURUSD breached $1.0350, “but we need a close above the $1.0380 level to target a run towards the 1.0530 100-day moving average,” he wrote. The DXY is heavily weighted toward the euro. On the flip side, according to Bechtel, it’s not the end of the euro’s weakness versus the dollar as Europe is planning to start winter with historically low amounts of natural gas and other fuels. The European Union sanctions on Moscow in response to the invasion of Ukraine in April have resulted in Russian exports of gas slowing through the Nord Stream 1 gas pipeline, the single largest link for Russian gas supplies to Europe.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Opinion | Why Does Canada Still Allow Torture in Prisons?'The consciousness of Canadians has caught up with what prisoners have known for years. Prolonged solitary confinement is torture.'
Consulte Mais informação »
Large Dinosaur Predators – Such As T. rex – Evolved Different Eye Socket Shapes To Allow Stronger BitesAccording to new research, large dinosaur predators, such as Tyrannosaurus rex, evolved different shapes of eye sockets to better deal with high bite forces. While in many animals, including most dinosaurs, the eye socket is just a circular hole in the skull housing the eyeball, this is very diff
Consulte Mais informação »
Missouri voters set to weigh in on recreational marijuanaMissouri voters are set to decide whether to allow recreational marijuana use in the state.
Consulte Mais informação »
Opinion | Merrick Garland’s Mar-a-Lago Warrant GambitFrom WSJopinion: Merrick Garland had better have enough evidence to justify the Mar-a-Lago search, or he will have unleashed political forces and a legal precedent that Democrats as much as Donald Trump may come to regret.
Consulte Mais informação »
Pima County Superior Court launches warrant resolution programClear My Warrant, which launched this month, is a no-court, no-jail program that will allow people the ability to clear their felony probation warrant without being arrested or incarcerated.
Consulte Mais informação »