The Aussie fell 0.6% to US$0.6654, while the New Zealand dollar slid 0.3% to US$0.6192.
The weak Chinese data dragged down the Australian and New Zealand dollars, which are often used as liquid proxies for the Chinese yuan. dollar was last little changed versus the offshore yuan at 7.232. In China, data on Monday showed factory-gate prices fell at the fastest pace in 7-1/2 years in June and consumer inflation was at its slowest since 2021, fuelling hopes for further support measures from Chinese authorities. The dollar was last down 0.8% at 10.5390, while the euro dropped 0.7% to 11.5666. In questa pagina si può trovare il valore del cambio da Dollaro a Peso dominicano aggiornato alla data odierna. In other currencies, the Norwegian crown firmed against the dollar and euro following Norway's inflation data. inflation data due on Wednesday, where expectations are for core CPI to have risen 5% on an annual basis in June. Sterling fell 0.3% to $1.2792, having risen 0.79% the previous session to a 15-month high of $1.2850.įor markets focused on the outlook for central bank policy, particularly the Fed, attention now turns to U.S. The euro was last slightly up at $1.0969 after a 0.7% Friday jump. And the dollar hasn't really gotten much traction." interest rates have jumped: about 30 basis points on the 10-year, around 22 basis points on the two-year.
"I wonder if we're moving toward a more negative dollar environment," said Marc Chandler, chief market strategist, at Bannockburn Global Forex in New York. nonfarm payrolls increased 209,000 in June, missing market expectations for the first time in 15 months. currency against a basket of major peers, was down 0.1% at 102.20 having fallen 0.87% on Friday after U.S. The greenback fell as low as 141.565 yen, the lowest since June 21. The market though is coming to the realization that an end to the Fed's cycle of rate hikes is at least near, even if once-expected cuts later in 2023 now seem unlikely. In the United States, details in Friday's employment report reflecting persistently strong wage growth underscored market pricing of a further rate hike later this month. The Chinese yuan, on the other hand, slumped against the dollar after weak inflation numbers in the world's second-largest economy. Meanwhile, Norway's crown, the second-weakest performing currency in the G10 this year, strengthened after data showed core inflation continued to rise in June and hit a fresh record. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower The younger Marcos suggested that the country could ease the effects of the depreciating peso by selling the country’s dollar reserves while still at a high price.Best Debt Consolidation Loans for Bad Credit READ: Pricier food pushes inflation to 4-year high in September Higher food prices primarily drove higher inflation.
READ: Peso depreciation: ‘Preparing for the worst’įor September 2022, the Philippines’ headline inflation rate was 6.9 percent - a four-year high level. While the peso-dollar exchange rate is not the sole cause for the rise in prices of goods, experts have expressed caution as the exchange has already started affecting inflation. Prices of imported goods and other basic commodities, including oil products, have skyrocketed in recent months. But now many are buying it, so the worth increased too.) (On the other hand, we know that since we are a net importer, so temporarily, the prices of goods would be higher, it’s partly due to Russia and Ukraine, another explanation about it, but during the pandemic, the fed - the US government, they printed dollars, so supply increased. So ‘yong ang daming supply, it became worth more,” he added. “On the other hand alam naman natin tayo ay net importer, so temporarily the prices of goods would be more expensive, it’s partly due to Russia and Ukraine, another explanation about it, pero no’ng pandemya, the fed - the US government, nag-print sila ng US dollar, so medyo dumami ang supply ng dollar, eh ngayon ang daming bumibili. But since the country is a high-volume importer of goods, he admitted that commodities prices would rise. Marcos said that one good thing about the weak peso is that OFWs get to send more money to the Philippines. And while higher supply should have driven prices down, the higher demand for the USD only pushed prices upward. Another reason why the US dollar is strong right now, the lawmaker said, is that the US printed more dollars during the pandemic, increasing the supply.
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