The dollar fell on Monday in response to U.S. President Joe Biden’s decision to withdraw his reelection campaign, paving the way for another Democrat to face Donald Trump.
China’s currency was largely unaffected by the central bank’s decision to lower a key interest rate.
The US dollar fell 0.08% to 157.38 yen early in the Asian day, while the euro rose 0.11% to $1.0895.
On Sunday, Biden announced his retirement from the campaign and backed Vice President Kamala Harris as the Democratic candidate in the November election.
Former President Trump, the Republican contender, is significantly ahead in the race following Biden’s disastrous debate performance last month and a surge in questions about his mental capacity.
The British pound rose 0.15% to $1.2931.
The Australian dollar rose 0.08% to $0.6691.
Meanwhile, the dollar held constant at 7.2881 yuan in offshore trading after the People’s Bank of China reduced the seven-day reverse repo rate to 1.7% from 1.8%, citing the move as an improvement to open market operations and support for the real economy.
For feedback and suggestions, write to us at editorial@iifl.com
The dollar fell on Monday in response to U.S. President Joe Biden’s decision to withdraw his reelection campaign, paving the way for another Democrat to face Donald Trump.
China’s currency was largely unaffected by the central bank’s decision to lower a key interest rate.
The US dollar fell 0.08% to 157.38 yen early in the Asian day, while the euro rose 0.11% to $1.0895.
On Sunday, Biden announced his retirement from the campaign and backed Vice President Kamala Harris as the Democratic candidate in the November election.
Former President Trump, the Republican contender, is significantly ahead in the race following Biden’s disastrous debate performance last month and a surge in questions about his mental capacity.
The British pound rose 0.15% to $1.2931.
The Australian dollar rose 0.08% to $0.6691.
Meanwhile, the dollar held constant at 7.2881 yuan in offshore trading after the People’s Bank of China reduced the seven-day reverse repo rate to 1.7% from 1.8%, citing the move as an improvement to open market operations and support for the real economy.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
