Xinhua’s global economic news summary at 10:30 a.m. GMT, July 24


NEW YORK – The US dollar rose late Friday as market participants digested the latest economic data.

The dollar index, which measures the greenback against six major peers, rose 0.09% to 92.9104.

At the end of the session in New York, the euro fell to 1.1770 dollars against 1.1771 dollars in the previous session, and the pound sterling to 1.3752 dollars against 1.3774 dollars in the previous session. The Australian dollar declined to 0.7364 US dollar from 0.7387 dollar. (US-Dollar index-Up)

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WASHINGTON – U.S. Treasury Secretary Janet Yellen on Friday urged Congress to raise the debt ceiling as soon as possible to avoid a possible default.

“As you know, the bipartite budget law of 2019 suspended the legal debt limit until Saturday July 31, 2021. I am writing to inform you that from Sunday August 1, 2021, the outstanding debt of the United States will be over the statutory limit, “Yellen wrote in a letter to congressional leaders. (US-Debt Limit)

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NEW YORK – The US dollar rose late in trading on Friday.

The dollar index, which measures the greenback against six major peers, rose 0.09% to 92.9104 at 3:00 p.m. (19:00 GMT). (US-Dollar index-Up)

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CHICAGO – Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as US stock indices rose.

The most active gold contract for August delivery fell US $ 3.6, or 0.2%, to close at $ 1,801.8 an ounce.

Investor appetite for risk increased as the three major US equity indices rose, the US dollar strengthened and US Treasury yields rose. (US-Gold Futures)


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