Fri, 24 October
14.1 C
Yerevan
USD: 382.54 RUB: 4.70 EUR: 443.29 GEL: 140.81 GBP: 510.19

Dollar hits highs vs euro, yen – Reuters

YEREVAN, September 29. /ARKA/. The dollar touched a fresh four-year high against a basket of currencies and a six-year peak against the yen on Monday, getting a tailwind from data showing higher U.S. growth in the second quarter.

It rose to a nearly two-year high against the euro, held aloft by divergent market expectations for U.S. and European monetary policy.

The greenback also rallied to a 13-month high against the New Zealand dollar after Reserve Bank of New Zealand data showed that the central bank intervened last month to speed its currency’s descent.

Dollar bulls cheered Friday’s report from the U.S. Commerce Department, which raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate – its fastest pace in 2-1/2 years.

The pick up in the economy was broad-based and highlighted a faster pace of business spending and sturdier export growth than previously estimated. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img