Moneycontrol PRO

business

Dollar collapses, weakness to continue in near term: Expert

The dollar index collapsed to its lowest level in a month after President elect Donald Trump described dollar as too strong. The dollar fell 1.3 percent Tuesday against a basket of major peers to its lowest level since December 7. There may be near-term weakness in the dollar index, said Khoon Goh, Head-Asia Research at ANZ Research.

first published: Jan 18, 2017 12:16 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347