Forex News: Us Dollar 16 June 2017 (1)

US Dollar To Cuban Convertible Peso Today’s Rate 【$ 1 = CUC 1】 USD

The dollar stood tall in Asia on Friday, on track for weekly gains against a currency basket. The euro found some support Friday after logging a week of wild volatility. Ahead of the Fed’s midweek rate meeting, the euro had strengthened to highs for the year against the greenback. But after the Fed wrongfooted many by keeping another 2017 rate hike on the table, the dollar staged a rebound to reach June peaks the following day. While the euro gained Friday, it was on course for a down week. Data today from Europe suggested little scope for the ECB to back off its low rate policies anytime soon as inflation was confirmed at a slower rate of 1.4% annually in May, below the bank’s near 2% bull’s-eye.

In performing these disaster cost assessments these statistics were taken from a wide variety of sources and represent, to the best of our ability, the estimated total costs of these events – that is, the costs in terms of dollars that would not have been incurred had the event not taken place. Insured and uninsured losses are included in damage estimates. Sources include the National Weather Service, the Federal Emergency Management Agency, U.S. Department of Agriculture, other U.S. government agencies, individual state emergency management agencies, state and regional climate centers, media reports, and insurance industry estimates.

Following the devaluation of the pound over the next few years, the exchange rate fell to a fixed rate of $2.40 by 1967. In 1971, the US put a stop to freely converting between currency and gold, ending the last vestiges of the Gold Standard and establishing the freely-traded currency we all know so well today.

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