US Dollar Index Holds Near 99.50 As Jobless Claims Bolster Fed Pause
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after registering modest gains in the previous session.
USD/CAD Weakens Below 1.3900 As Crude Oil Rebound Strengthens Canadian Dollar
The USD/CAD pair loses ground to near 1.3890 during the Asian trading hours on Friday. The Canadian Dollar (CAD) strengthens against the Greenback amid the rebound in crude oil prices.
Standardization As A Tool For Development
The article highlights how standardization has powered economic development by reducing costs, boosting trade, and improving market efficiency, while also noting possible competitive drawbacks.