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Last Update: ،
2026/08/26
Time
09:26:12
Latest News:
Interior Minister Discusses Security Cooperation With U.S. Acting Ambassador
Parliament Speaker Meets With Chargé d' Affaires of Chinese Embassy
Bahrain's Crown Prince Receives Foreign Minister, Letter From President al-Alimi
Prime Minister Praises British Support For Yemen
Foreign Minister Begins Gulf Tour in Bahrain
Latest News:
Interior Minister Discusses Security Cooperation With U.S. Acting Ambassador
Parliament Speaker Meets With Chargé d' Affaires of Chinese Embassy
Bahrain's Crown Prince Receives Foreign Minister, Letter From President al-Alimi
Prime Minister Praises British Support For Yemen
Foreign Minister Begins Gulf Tour in Bahrain
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:
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