Forex News: Us Dollar 16 June 2017 (16)

Dollar Rate In Pakistan

Get our news straight to your inbox, and become better informed about economic events. The president-elect’s sabre-rattling on geopolitical events could send oil prices sharply higher, and that could move the loonie much higher, Doyle says. On the flip side, it’s just as likely that Trump makes good on his vow to tear up NAFTA and possibly slap tariffs on Canadian goods. That would obviously send the loonie plummeting.

According to Dmitry Skobelkin, the deputy governor of the Central Bank of Russia, the opening of a Beijing representative office by the Central Bank of Russia was a very timely” move to aid specific cooperation, including bond issuance, anti-money laundering and anti-terrorism measures between China and Russia.

The yen’s retreat gathered pace Friday after the Bank of Japan opted to remain on a low rate path, choosing not to follow in hawkish footsteps of the U.S. and U.K. central banks. The yen flirted with June lows against the greenback after the BOJ maintained a subzero base rate with inflation, currently at 0.3%, falling well short of bankers’ 2% goal. Better performing global stocks and overall risk tolerance put another headwind on the yen which is on course to shed 1% this week.

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