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2026/02/08
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Latest News:
Republican Decree on Government Formation, Naming its Members Issued
Saudi Prigram Launches Education Stability Enhancement Initiative in Socotra
Al-Eryani Calls on United Nations to Protect Staff After Contract Terminations in Sana'a
Child injured by Houthi sniper's bullets southeast of Taiz
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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.
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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Record rise in gold, silver due to demand for safe havens
Turkey's exports to neighboring countries exceed $28 billion in 2025
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Oil rises in early Asian trading
