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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.


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
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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