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The safe-haven dollar edged higher on Tuesday, erasing earlier losses as risk appetite dwindled ahead of key inflation figures that could offer clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September.
To engineer a soft landing for Bangladesh's economy, we need to understand the problems that are afflicting it. Our economy is rattling and shaking as it faces headwinds because of structural weaknesses.
Asian share markets were subdued on Monday and the dollar held firm after a stunning US payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes.
The rupee opened weak at 79.50 per dollar at the interbank foreign exchange market.
The emerging multi-polar world is now trying to reduce the use of the greenback in their trade after the US and EU imposed multilateral sanctions on Russia.