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Last Update: ،
2026/10/28
Time
09:28:41
Latest News:
Prime Minister Issues Decision to Establish Government Communication Center
Human Access: Thousands of Displaced Yemeni Families Struggle to Rebuild Their Lives
Yemen, FAO Review Food Security and Resilience Project Progress
Government Reaffirms Commitment to Ending Taiz Siege, Calls for Expanded Houthi Terrorist Designation
Transport Ministry: Repeated Attacks on Aden International Airport Threaten Lives
Latest News:
Prime Minister Issues Decision to Establish Government Communication Center
Human Access: Thousands of Displaced Yemeni Families Struggle to Rebuild Their Lives
Yemen, FAO Review Food Security and Resilience Project Progress
Government Reaffirms Commitment to Ending Taiz Siege, Calls for Expanded Houthi Terrorist Designation
Transport Ministry: Repeated Attacks on Aden International Airport Threaten Lives
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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