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US dollar falls on weak economic data

Published

9 years ago

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New York: The US dollar decreased against other major currencies on Wednesday as soft economic data from the country dampened market expectation for an interest-rate hike by year-end.

The Labor Department reported on Wednesday that the US Producer Price Index for final demand dropped 0.5 percent in September, seasonally adjusted, exceeding market consensus of a 0.1-percent decline.

The Commerce Department announced on Wednesday that advance estimates of US retail and food services sales for September increased 0.1 percent from the previous month to $447.7 billion, in line with market expectations, as per reported.

The overall soft economic data raised concerns that the US economic growth may be losing momentum in face of a sluggish global economy.

The greenback was further under pressure as the Federal Reserve’s Beige Book said on Wednesday that a strong US currency has restrained tourism and manufacturing.

The dollar index, which measures the greenback against six major peers, was down 0.87 percent at 93.939 in late trading.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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