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Top related persons:
Mohammed Elmi - 2 Jarrod Kerr - 1 Tayyip Erdogan - 1 Hafize Gaye Erkan - 1 Mehmet Simsek - 1 Tayyip Erdogan's - 1 Tom Westbrook - 1 Shri Navaratnam - 1
Top related locs:
Hai Nantong City Jiangsu Province China Asia U.S Kiwibank United States
Top related orgs:
Federated Hermes - 2 U.S - 1 Treasury - 1 Thomson - 1

Search resuls for: "Mohammed Elmi"


2 mentions found


☆ Dollar eases after jump in U.S. jobless claims; Fed in focus
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: +2 min
An employee deals with U.S. one-hundred dollar banknotes at a bank on June 16, 2022 in Hai an, Nantong City, Jiangsu Province of China. The dollar retreated on Friday, dragged down by lower U.S. Treasury yields after a spike in weekly jobless claims raised hopes that a peak in U.S. interest rates was near, as the focus turned to the upcoming week packed with central bank meetings. Against the Japanese yen , the greenback dipped to a one-week low of 138.765, tracking a slide in U.S. Treasury yields. The benchmark 10-year Treasury yield last stood at 3.7317%, after falling 7 basis points on Thursday. So that'll show up in payrolls numbers and jobless claims and these sorts of numbers," said Jarrod Kerr, chief economist at Kiwibank.
Persons: Jarrod Kerr, Tayyip Erdogan, Hafize Gaye Erkan, Mohammed Elmi Organizations: U.S, Treasury, Federated Hermes Locations: Hai, Nantong City, Jiangsu Province, China, Asia, U.S, Kiwibank, United States
☆ Turkish lira slips despite appointment of well-regarded finance minister
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +1 min
June 5 (Reuters) - Turkey's lira slid almost 1% on Monday in thin trading during the Asian day to weaken past 21 per dollar, in a shaky initial reaction to the appointment of highly-regarded Mehmet Simsek as finance minister. The lira hit 21.1 to the dollar, not far above a record low of 21.8 made last week. Simsek, 56, won markets' confidence during terms as finance minister and deputy prime minister between 2009 and 2018. Turkey's annual consumer price inflation hit a 24-year peak beyond 85% last year, and stood at 44% in April in a sign that further monetary tightening was required, according to Elmi. "A simple return to credible economic policy could see a marked change in Turkey's investment appeal," he said.
Persons: Mehmet Simsek, Tayyip Erdogan's, Mohammed Elmi, Tom Westbrook, Shri Navaratnam, Jamie Freed Organizations: Federated Hermes, Thomson Locations: Turkey
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