The Dollar Turned the Trend and It Is Becoming Cheaper

World | June 1, 2018, Friday // 12:58
Bulgaria: The Dollar Turned the Trend and It Is Becoming Cheaper CNBC

The dollar is about to send the fourth session in a row, taking into account lower values and although monthly dollar index stood at plus, analysts say the mood is minor,  Market Watch wrote in his analysis.

The dollar index, which measures the strength of US dollars against a basket of six major currencies, declined by 0.16% to 92,367 points. For comparison, at the end of the Friday session in New York, the benchmark was 92,509 points.

On Friday, the index reported its third negative session in a row, as well as its first weekly decline after three consecutive weeks ending with a rise. For comparison, since the beginning of May, the dollar has appreciated 0.6% against a basket of currencies, cutting its decline over the past 12 months to about 7%.

The euro appreciates against the dollar by 0.3098% to 1.1977 dollars while the pound is traded higher against US dollars by 0.3175% to 1.3589 dollars. Meanwhile, the greenback posted a rise in price against Japanese money by 0.17% to 109.52 yen.


We need your support so can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: dollar, trend, cheaper
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria