The dollar index, which gauges the greenback
's strength against a basket of six currencies, rose 0.03 per cent to 96.06 in late afternoon trade.
They also say once the billions of dollars that are believed to have been hoarded by the public start to flow to the market over fears of further depreciation of the Dollars against Rial, the exchange rate of the greenback
will fall further.
fetched AN100.07 against AN99.74 in New York on Wednesday afternoon, climbing above the psychologically important mark for the first time since late July.
Among the foreign currencies held by Taiwan's central bank the greenback
still takes a lion's share of 65%-70%, euro 20%; while Japanese yen and other currencies together make up the remaining.
Analysts said that the greenback
is also weighed down by the concerns that Federal Reserve will lag behind other central banks in raising the interest rates.
The tender offer is reportedly being made in connection with the agreement and plan of merger, dated 20 December 2010, by and among DSM, Greenback
Acquisition Corporation and Martek.
Before banks began restricting greenback
sales without any explanation last week, the rial had been trading at 10,500 to the dollar.
Moreover, during the period the gold premium on the 1861 Notes reached a peak (August to September 1862 as shown in Figure 1) indicating, according to Calomiris, that the public strongly anticipated revocation, the Treasury was actively withdrawing them from circulation in accordance with the Greenback
The Colorado Greenback
Cutthroat Trout is a beautiful fish that was once thought to have gone extinct but which has now made an impressive comeback and found in more than 50 streams and lakes along Colorado's Front Range country.
Summary: Gulf Arab countries will discuss pegging their planned single currency to a basket instead of the US dollar, a Kuwaiti government official said on Tuesday, putting the greenback
's regional status in question.
NEW YORK: The US dollar rose Monday against the euro, helped in part by the European central bank chief Jean-Claude Trichet s support for a strong greenback
, traders said.
For 20 years, biologists have been restocking Colorado streams with greenback
cutthroat trout to save the endangered fish from extinction.