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Dollar stabilizes after fears of U.S. interest rate cuts ease
[23/12/2024 06:18]
WASHINGTON-SABA
The dollar stabilized today, Monday, after U.S. inflation data showed a modest rise, easing some concerns about the pace of U.S. interest rate cuts next year.

The dollar index, which measures the greenback's performance against six other major currencies, settled at 107.78 on Monday, near a two-year high of 108.54 touched on Friday.

The euro settled at $1.0434, near a two-year low reached in November.

The yen fell to 156.65 against the dollar, near a five-month low touched on Friday.

In its latest trade, the Australian dollar was at $0.6247.

The New Zealand dollar fell 0.2 percent to $0.5645.


Trade between China and Arab countries exceeds $400 billion in 2024
Oil prices fall to $65.61 a barrel
Japan reveals emergency economic package to manage effects of U.S. tariffs
Sterling falls against dollar, euro
UN-ESCWA warns of repercussions of US tariffs on Arab economies
Gold near highest record amid continued escalation of trade tensions
Oil rises, boosted by new tariff exemptions
China's autos industry grows in 1Q 2025
Canada begins imposing tariffs on US auto imports of 25 percent
Germany: New US tariffs an attack on the global trading system

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