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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.


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Bank of Japan keeps interest rates unchanged
Austrian central bank expects 0.3 percent growth in 2025
Emirati economy grows 5.3 percent in non-oil businesses
Oil declines but stabilizes near its highest in a month
WB grants a $100 million to Madagascar

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