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Last Update: ،
2025/11/12
Time
07:55:48
Latest News:
Member of Presidential Leadership Council Dr. Abdullah al-Alimi Meets UN Envoy to Yemen
Djiboutian President receives Minister of Planning and International Cooperation
Governor of Aden praises Dutch support for water services in Aden
Charge d'Affaires in Damascus Discusses Boosting Economic Ties with Syrian Chamber of Commerce
Houthi terrorist militias blamed for 24 thousand violations in Dhamar governorate in ten years—Report
Latest News:
Member of Presidential Leadership Council Dr. Abdullah al-Alimi Meets UN Envoy to Yemen
Djiboutian President receives Minister of Planning and International Cooperation
Governor of Aden praises Dutch support for water services in Aden
Charge d'Affaires in Damascus Discusses Boosting Economic Ties with Syrian Chamber of Commerce
Houthi terrorist militias blamed for 24 thousand violations in Dhamar governorate in ten years—Report
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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