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Last Update: ،
2026/08/16
Time
08:45:47
Latest News:
Taiz Armed Forces Repel Houthi Mobilization on Northern Front
Health Minister Stresses Need to Enhance Preparedness for All Emergencies
Foreign Minister, Her Saudi Counterpart Discuss Partnership, Joint Cooperation to Manage Common Threats
'MASAM' Removes 7,444 Landmines, UXO, IED Over 14 Days
UK Warns of Dangerous Houthi Escalation, Reaffirms Commitment to Yemen’s Sovereignty
Latest News:
Taiz Armed Forces Repel Houthi Mobilization on Northern Front
Health Minister Stresses Need to Enhance Preparedness for All Emergencies
Foreign Minister, Her Saudi Counterpart Discuss Partnership, Joint Cooperation to Manage Common Threats
'MASAM' Removes 7,444 Landmines, UXO, IED Over 14 Days
UK Warns of Dangerous Houthi Escalation, Reaffirms Commitment to Yemen’s Sovereignty
Dollar declines more than 0.5 percent amid interest rate cuts anticipation
[25/09/2024 01:07]
WASHINGTON-SABA
The dollar index fell more than 0.5 percent on Wednesday as a result of strong stimulus moves announced by China yesterday, and increased expectations of another major cut in interest rates in the United States in November.
Against a basket of currencies, the dollar settled at 100.26, near a more than one-year low of 100.21.
The Australian dollar rose to $0.6908 in early Asian trade, hitting its highest level since February 2023.
The New Zealand dollar climbed to a nine-month high to settle at $0.63555.
The Chinese Yuan rose to a 16-month high of 7.0012 against the dollar.
The dollar index fell more than 0.5 percent on Wednesday as a result of strong stimulus moves announced by China yesterday, and increased expectations of another major cut in interest rates in the United States in November.
Against a basket of currencies, the dollar settled at 100.26, near a more than one-year low of 100.21.
The Australian dollar rose to $0.6908 in early Asian trade, hitting its highest level since February 2023.
The New Zealand dollar climbed to a nine-month high to settle at $0.63555.
The Chinese Yuan rose to a 16-month high of 7.0012 against the dollar.
Key words:
expectations - Against - WASHINGTON - Australian - currencies - yesterday - SABA The - Wednesday - increased - announced -
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