{"id":246571,"date":"2023-07-17T09:18:31","date_gmt":"2023-07-17T09:18:31","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=246571"},"modified":"2023-07-17T09:18:31","modified_gmt":"2023-07-17T09:18:31","slug":"weak-dollar-recovers-slightly-amidst-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/","title":{"rendered":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong><\/a> &#8211; A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023. This happens as people awaited economic statistics and other changes in policies prior to selling the currency even more down.<\/p>\n<p style=\"text-align: justify;\">The euro, however, rose 2.4 per cent in the past week to a record high of 16 months. It remained solid just under the peak of $1.1223. The yen also rose 2.4 per cent in the same week and remained at 138.56 for $1.<\/p>\n<p style=\"text-align: justify;\">China\u2019s development information achieved slightly higher than the low projections on Monday. However, it was without invoking a great reaction from the market, as traders had priced a slow market. They were holding off to find out whether the government intervenes to encourage expenditure.<\/p>\n<p style=\"text-align: justify;\">Both the Australian and New Zealand dollars fell a little bit. The Australian dollar\u2019s last was at $0.6821, which is less than the peak of last week at $0.6895. As for the New Zealand dollar, it decreased by 0.2 per cent at $0.6355 after reaching a record high of five months at $0.6412.<\/p>\n<h2><strong>Dollar Recovers<\/strong><\/h2>\n<p style=\"text-align: justify;\">\u201cThe data suggests that China&#8217;s post-COVID boom is clearly over,\u201d said Commonwealth Bank of Australia strategist Carol Kong. &#8220;[However,] markets already had low expectations, and reaction from here is fairly limited.&#8221;<\/p>\n<p style=\"text-align: justify;\">The dollar\u2019s decrease in the past week occurred as traders started buying yen. However, it rose high after soft US inflation data encouraged wagers that the United States\u2019 interest rates will hike.<\/p>\n<h2><strong>Traders Await Interest Rate Hikes from Fed<\/strong><\/h2>\n<p style=\"text-align: justify;\">Investors are projecting interest rate increases from the <a href=\"https:\/\/www.federalreserve.gov\/\">Federal Reserve<\/a> and European Central Bank next week. The market price, however, suggests the increases will probably cease, while another increase in Europe may be underway.<\/p>\n<p style=\"text-align: justify;\">The US dollar index fell 2.2 per cent in the past week and remained solid at 99.936 in the Asia session. \u00a0The fall is the biggest 1-week decrease since November.<\/p>\n<p style=\"text-align: justify;\">The Swedish and Norwegian crowns made profits of over 5 per cent on the US dollar in the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023. This happens as people awaited economic statistics and other changes in policies prior to selling the currency even more down. The euro, however, rose 2.4 per cent in the past week to a record high of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":246572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[604],"tags":[647,8223,278,11693,7659,11691,11549,12053],"class_list":["post-246571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-dollar","tag-euro","tag-featured","tag-federal-reserve","tag-interest-rate","tag-the-fed","tag-usd","tag-yen"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report\" \/>\n<meta property=\"og:description\" content=\"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T09:18:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1595\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Weak Dollar Recovers Slightly Amidst Economic Uncertainty\",\"datePublished\":\"2023-07-17T09:18:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/\"},\"wordCount\":331,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/dollar-scaled.jpg\",\"keywords\":[\"Dollar\",\"euro\",\"Featured\",\"Federal Reserve\",\"interest rate\",\"the fed\",\"USD\",\"yen\"],\"articleSection\":[\"Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/\",\"name\":\"Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/dollar-scaled.jpg\",\"datePublished\":\"2023-07-17T09:18:31+00:00\",\"description\":\"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/dollar-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/dollar-scaled.jpg\",\"width\":2560,\"height\":1595,\"caption\":\"FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS\\\/Dado Ruvic\\\/Illustration\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weak Dollar Recovers Slightly Amidst Economic Uncertainty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics &amp; Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report","description":"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/","og_locale":"en_US","og_type":"article","og_title":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report","og_description":"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.","og_url":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2023-07-17T09:18:31+00:00","og_image":[{"width":2560,"height":1595,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty","datePublished":"2023-07-17T09:18:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/"},"wordCount":331,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg","keywords":["Dollar","euro","Featured","Federal Reserve","interest rate","the fed","USD","yen"],"articleSection":["Trade"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/","url":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/","name":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg","datePublished":"2023-07-17T09:18:31+00:00","description":"BNR - A weakened dollar recovered last Monday after suffering the most significant weekly fall of the year 2023.","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2023\/07\/dollar-scaled.jpg","width":2560,"height":1595,"caption":"FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS\/Dado Ruvic\/Illustration"},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/weak-dollar-recovers-slightly-amidst-economic-uncertainty\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Weak Dollar Recovers Slightly Amidst Economic Uncertainty"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics &amp; Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/246571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=246571"}],"version-history":[{"count":1,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/246571\/revisions"}],"predecessor-version":[{"id":246574,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/246571\/revisions\/246574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/246572"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=246571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=246571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=246571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}