Sentences with phrase «against a basket of currencies last»
Excerpt below: The dollar fell some 10 % against a basket of currencies last year, the first annual decline in five years.
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NEW YORK, Dec 29 - The dollar fell to its lowest in over three months against a basket of major currencies on Friday, on track for its biggest annual drop since 2003, on doubts over durability of a pickup in U.S. economic growth in wake of last week's tax overhaul.
NEW YORK, Dec 29 - The dollar fell to its lowest in over three months against a basket of major currencies on Friday, marking its steepest annual drop since 2003, on doubts over durability of a pickup in U.S. economic growth in wake of last week's tax overhaul.
One of the key drivers has been the dollar, which has lost 3.2 % against a basket of major currencies so far this year, a decline that was exacerbated last week when U.S. Treasury Secretary Steven Mnuchin suggested President Donald Trump's administration favored a weaker currency.
In the last week, the upcoming Japanese election has caused the yen to fall against a basket of other currencies.
The US Dollar Index that tracks the greenback against a basket of six major currencies last stood at 92.39, down 0.22 %.
1) As Victor mentioned there are inflation statistics covering the last 100 or so years that value the currency against an ever - changing basket of goods.