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Last Update: ،
2026/05/25
Time
01:03:26
Latest News:
Chairman of the Consultation Authority Meets Japanese Ambassador to Yemen
Yemeni, Egyptian Foreign Ministers Lead Ninth Round of Strategic Dialogue in Cairo
Yemen Extends Condolences to China over Shanxi Coal Mine Explosion Victims
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Latest News:
Chairman of the Consultation Authority Meets Japanese Ambassador to Yemen
Yemeni, Egyptian Foreign Ministers Lead Ninth Round of Strategic Dialogue in Cairo
Yemen Extends Condolences to China over Shanxi Coal Mine Explosion Victims
Health Minister, Qatari Counterpart Discuss Expanding Bilateral Health Cooperation
Al-Alimi Meets with Several Military Leaders, Stresses Importance of Readiness and Unified Efforts
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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Oil price tops $100 a barrel
Italy budget deficit at 3 percent
Oil rises as markets assess supply risks
Italian Industrial production falls 0.6 percent
Korea large companies' exports rise 10 percent
China's foreign exchange reserves rise to $3.3991 trillion
S. Korea's exports rise 33.9 percent in January
Japan's LNG imports down 1.4 percent
Public debt in Germany rises 2.1 percent
S. Korea's ITC exports rise 12.4 percent in 2025
