The dollar index, which measures the US currency against six rivals, was at 106.27
SINGAPORE – The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time.
"If we are talking where we go from here, there's reason to believe this thing could keep going," said Kyle Rodda, senior financial market analyst at Capital.Com. French lawmakers passed a no-confidence vote against the government on Wednesday, as expected, throwing the country deeper into a crisis that threatens its capacity to legislate and tame a massive budget deficit.
When asked if the European Central Bank would step in to help France should market turbulence intensify, the central bank president, Christine Lagarde, would only say that financial stability was a relevant factor in price stability. In Asia, the South Korean won was stable as the nation's finance ministry said the government would activate 40 trillion won worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol declaring and then rescinding martial law.
Over in the United States, investor confidence of a rate cut there held firm despite comments from Federal Reserve Chair Jerome Powell and a slate of economic data overnight that showed services sector activity slowed in November after posting gains in recent months.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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