Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

dollar index

Reply
Not applicable
quite a move up on this index.
0 Kudos
2 REPLIES 2
Rams
Super Contributor
LONDON, May 2 (Reuters) - The dollar recovered from a three-year trough versus a currency basket on Monday, boosted by Osama bin Laden's death, but gains were limited and low U.S. interest rates were expected to keep the greenback weak. The dollar jumped in an initial reaction to news that U.S. Special Forces had killed the al Qaeda leader in Pakistan as it was seen as positive for Washington, which had been hunting the elusive figure for nearly a decade. [ID:nL3E7G2092] The announcement triggered short-covering demand for the U.S. currency after the dollar index .DXY had hit its weakest since mid-2008. However, with much of Asia and the UK closed for public holidays, markets were illiquid.
0 Kudos
Not applicable
as big a pile of horse manure reporting as I have ever seen.
0 Kudos