US dollar weakens as government shutdown looms

NEW YORK, Sept. 28 (Xinhua) -- The U.S. dollar fell in late trade Thursday, as the U.S. Senate moved forward with plans for a temporary funding deal that House Republicans are expected to oppose.

The dollar index, which measures the greenback against six major peers, fell 0.41 percent to 106.2268 in late trade.

The US Congress faces a deadline of midnight on Saturday to pass a new budget, but House Speaker Kevin McCarthy said there was still time for a late deal. "I wake up optimistic every day," he said. "I'd say put your money on me. We're going to get this done."

On the economic data front, US gross domestic product (GDP) increased at an unrevised 2.1 percent annual rate last quarter, the government said Thursday in its third estimate of GDP for the April-June period.

The U.S. Federal Reserve may be headed for "something rare" by cutting inflation without a major blow to jobs and growth, and must be extra careful about relying too heavily on the history of past inflation battles when planning further policy moves, Chicago Fed President Austan Goolsbee said on Thursday.

In late New York trading, the euro rose to US$1.0553 from US$1.0508 in the previous session, and the British pound rose to US$1.2196 from US$1.2137.

The US dollar bought 149.2380 Japanese yen, down from 149.5950 Japanese yen from the previous session. The US dollar fell to 0.9162 Swiss francs from 0.9208 Swiss francs and it fell to 1.3500 Canadian dollars from 1.3510 Canadian dollars. The US dollar fell to SEK 10.9344 from SEK 11.0471.


https://nord.news/2023/09/28/us-dollar-weakens-as-government-shutdown-looms/?feed_id=47165

Comments

Post a Comment

Popular posts from this blog

Hear Vetenskapsradio about the Nobel Prize in Chemistry

Image
On Wednesday, the Royal Swedish Academy of Sciences announced who will be awarded the 2023 Nobel Prize in Chemistry. The Nobel Prize rewards the discovery and development of quantum dots and goes to Moungi G. Bawendi, Massachusetts Institute of Technology (MIT), Cambridge, MA, USA, Louis E. Brus, Columbia University, New York, NY, USA, and Alexei I. Ekimov, Nanocrystals Technology Inc., New York, NY, USA. Hear Vetenskapsradion In depth about the prized discoveries. https://nord.news/2023/10/04/hear-vetenskapsradio-about-the-nobel-prize-in-chemistry/?feed_id=48096
Read more

Study: The right time for physical activity increases fat metabolism

Image
Solna [Sweden]February 18 (ANI): According to a recent study from Sweden's Karolinska Institute and Denmark's University of Copenhagen, mice that exercised during an early active phase, which is comparable to morning exercise in humans, had higher metabolic rates than mice that exercised during a time when they usually rested. The results of the study were published in the journal PNAS. Physical activity at different times of the day can affect the body in different ways because the biological processes depend on the circadian rhythm of the cells. To determine how the time of day when the exercise is done affects fat burning, researchers at the Karolinska Institutet and the University of Copenhagen studied the adipose tissue of mice after a session of high-intensity exercise performed at two points in the daily cycle. an early active phase and early resting phase (equivalent to late morning and late evening sessions in humans). The researchers studied various markers for ...
Read more

Heat, wildfires threaten southern Europe's vital tourism sector

Image
ATHENS, Greece: The Greek island of Rhodes, which is known for its beaches and ancient sites, is still recovering after 11 days of devastating wildfires in July. Following thousands of people being evacuated during the height of the travel season, Rhodes is now reflecting on how the crisis will affect its vital tourism sector, which accounts for most of its economy and some 20 percent of the entire Greek economy. Other Mediterranean destinations, such as Italy and Spain, also saw their tourism sectors hit hard by heat waves and wildfires this summer. According to European Union (EU) estimates, Greece, Italy, Algeria and Tunisia lost more than 1,350 square kilometers (520 square miles) to fires that affected 120,000 people in late July. Greece is expecting further extreme heat in the coming days. However, Rosa Mara Lopez, mayor of Villardeciervos in northwestern Spain, which was ravaged by fires last summer, said hikers are still coming to the area. "Tourism is bound to s...
Read more