As dollar hits 11-month lows, analysts say tourism, property sectors likely to gain
The dollar stumbled after a fresh setback to U.S. President Donald Trump's domestic agenda. Roselle Chen reports.
Nepalis stand to lose millions of dollars held in high-value Indian bank notes that India banned last year.
Gold was steady on Monday and likely to see further gains.
The U.S. dollar index was at 95.177 having touched its lowest since September.
A domestic debt market also offer the central bank the flexibility of an additional instrument for managing liquidity by conducting open market operations in the context of the currency peg
The decline in oil prices over the past three years has pushed GCC countries to raise capital to fund the expected budget deficits in the near term
U.S. consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reserve this year.
The European Central Bank is likely to wait until September before announcing a shift away from its ultra-easy policy, while a move this month is seen as too close to call, a Reuters poll of economists showed.
The dollar index against a basket of major currencies was flat at 95.758 after retreating to as low as 95.511 the previous day, its weakest in 12 days.