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Last Update: ،
2026/01/07
Time
10:53:59
Latest News:
United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh
France Affirms Commitment to Yemen’s Unity, Welcomes President’s Initiative to Convene Conference ..
Chairman of Shura Council Discusses Developments in Yemen with U.S. Ambassador
Leadership Council Member Meets U.S. Advisor and Ambassador
Saudi Cabinet Reaffirms Support for President al-Alimi’s Call for Southern Yemen Conference
Latest News:
United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh
France Affirms Commitment to Yemen’s Unity, Welcomes President’s Initiative to Convene Conference ..
Chairman of Shura Council Discusses Developments in Yemen with U.S. Ambassador
Leadership Council Member Meets U.S. Advisor and Ambassador
Saudi Cabinet Reaffirms Support for President al-Alimi’s Call for Southern Yemen Conference
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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