The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar.<\/p>\n\n\n\n
The dollar index, which measures the greenback’s performance against a basket of currencies, reached its highest level at 106.81 in early European trading, recovering all of its losses from last week when less-than-expected US inflation data made investors refrain from the dollar and return to risk-friendly assets.<\/p>\n\n\n\n
The dollar index rose 0.12% to 106.6 points.<\/p>\n\n\n\n
The Australian dollar fell 0.44% to $0.699 on Tuesday, falling under the $0.7 level.<\/p>\n\n\n\n
The Chinese yuan recorded 6.84146 against the US dollar, the lowest level last seen in mid-May.<\/p>\n\n\n\n
The euro fell 0.18% to $1.0142, and the pound sterling, which was last traded at $1.2026, fell 0.23% on the day, and the Japanese yen fell 0.3% against the dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"
The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar. The dollar index, which measures the greenback’s performance against a basket of currencies, reached its highest level at …<\/p>\n","protected":false},"author":9,"featured_media":56693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[7987,6874,6984],"class_list":["post-70219","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-cpi-data","tag-gold","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70219"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70219\/revisions"}],"predecessor-version":[{"id":70220,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70219\/revisions\/70220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56693"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}