Thursday, 4 February 2016

U.S.DOLLAR

 U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, plummeted by more than 1.3% on Wednesday to an intraday low of 97.42. The dollar has slumped approximately 2% since reaching a two-week high last Friday, after the Bank of Japan bolstered the greenback with a surprising decision to push interest rates into negative territory. 

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U.S. Dollar Index, which measures the strength of the greenback versus a basket of six other major currencies, plummeted by more than 1.3% on Wednesday to an intraday low of 97.42. The dollar has slumped approximately 2% since reaching a two-week high last Friday, after the Bank of Japan bolstered the greenback with a surprising decision to push interest rates into negative territory.

Read more at: http://www.moneycontrol.com/news/commodities/us-crude-soars-8-as-prospects-for-opec-meeting-offset-inventory-build_5298001.html?utm_source=ref_article