Report

rss

Iraq News

Kurdistan

Economy

World

All News

U.S. dollar buoyed amid stimulus prospects

Category: Economy

Date: 2021-01-12T07:26:11+0000
U.S. dollar buoyed amid stimulus prospects

Shafaq News/ The U.S. dollar held four days of gains against major peers on Tuesday as the prospect of massive fiscal stimulus pushed U.S. yields higher, according to Reuters.

U.S. President-elect Joe Biden, who takes office on Jan. 20 with his Democratic party in control of both Houses, has promised “trillions” in extra pandemic-relief spending.

The dollar index has rebounded from a nearly three-year low reached last week as the benchmark 10-year U.S. Treasury yield topped 1% for the first time since March and rose as high as 1.148% overnight.

The support from rising yields has so far trumped worries that the extra spending would increase debt levels and trigger faster inflation, which ordinarily would make the greenback less attractive.

Many analysts expect the U.S. currency to resume the decline that saw the dollar index lose close to 7% in 2020 as expanded stimulus and vaccine rollouts brighten the global economic outlook. Investors tend to buy the dollar when they are looking for safer investments.

related

USD/IQD exchange rates edge higher in Baghdad, Erbil 

Date: 2022-06-30 10:55:31
USD/IQD exchange rates edge higher in Baghdad, Erbil 

Dollar exchange rates in Iraq

Date: 2021-10-05 08:32:16
Dollar exchange rates in Iraq

USD maintains the same exchange rate against IQD throughout Wednesday

Date: 2022-02-09 16:52:33
USD maintains the same exchange rate against IQD throughout Wednesday

USD/IQD exchange rates inched up Baghdad

Date: 2022-05-12 09:31:57
USD/IQD exchange rates inched up Baghdad

USD closes slightly lower in Baghdad 

Date: 2022-03-27 15:04:35
USD closes slightly lower in Baghdad 

Dollar/Dinar rates drop in Baghdad and Erbil

Date: 2021-08-17 08:29:34
Dollar/Dinar rates drop in Baghdad and Erbil

Dollar/Dinar exchange rates stabilize in Baghdad

Date: 2021-11-28 15:39:14
Dollar/Dinar exchange rates stabilize in Baghdad

USD/IQD closes slightly higher in Baghdad

Date: 2022-05-30 14:33:26
USD/IQD closes slightly higher in Baghdad