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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.


Korea records above $12 billion in current account surplus in December
Germany, Canada reiterate opposition to US tariffs.
Canada, Mexico impose tariffs in response to the United States
Boeing reports losses exceeding $11 billion last year
Jordan's exports to Arab trade countries grew by 15.6 percent
China leads world in production, sales of new energy vehicles
Morocco-Brazil trade on up in 2024
German economy shrinks by 0.2 percent
Oil hits highest level in more than three months
Oil continues losses as US fuel inventories rise

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