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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.


IMF approves $7 billion loan to Pakistan
Dollar declines more than 0.5 percent amid interest rate cuts anticipation
China's central bank conducts 460 billion Yuan of reverse repo
WB provides $90 million to carry out Horn of Africa initiative
Bank of England sets interest rate at 5 percent
Gold revolves near all-time high
Further new foreign companies established in China during January- August
U.S. approves $7.2 billion sale of F-35 fighter jets to Romania
Beijing strongly opposes Canada's planned extra taxes on Chinese products
The Japanese yen hits year-to-date high against the dollar

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