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  Local
Military march for special forces unit from Sana'a to Hodeida
[24 February 2024]
FM congratulates his Kuwaiti counterpart on National Day
[24 February 2024]
Nehm customs center thwarts an attempt to smuggle a quantity of medicines
[24 February 2024]
Oil Deputy Minister inspects Ras Issa Gas Port facility in Hodeida
[24 February 2024]
In qualitative accomplishment, new homes for affected families built in Bajil
[23 February 2024]
 
  International
Zionist bombardment renewed of several towns in southern Lebanon
[24 February 2024]
Enemy commits eight massacres in Gaza Strip that killed 92 martyrs in past 24 hours
[24 February 2024]
Lebanese resistance targets a gathering of enemy soldiers in cobra hill with two rockets
[24 February 2024]
US fighter jets intercept a balloon over Utah
[24 February 2024]
Al-Qassam: Our mujahideen targeted group of enemy soldiers inside house south of Zaytun neighborhood in Gaza City
[23 February 2024]
 
  Reports
In qualitative accomplishment, new homes for affected families built in Bajil
[23 February 2024]
Zionist policies met with Widespread condemnation in ICJ as Washington continues its protection
[23 February 2024]
Aggression against Gaza...Zionist enemy continues its settlement plans in West Bank
[22 February 2024]
Yemen wins for humanity by deterring America, Britain in Red and Arab Seas
[21 February 2024]
Draft UN resolution before Security Council demanding ceasefire in Gaza
[21 February 2024]
 
  US-Saudi Aggression
American-British aggression hits farm in Hodeida
[20 February 2024]
Four citizens injured by explosion of leftover military ordnance in Marib
[19 February 2024]
9 raids of US-British aggression on governorates of Sana'a and Hajjah
[04 February 2024]
US-British aggression targets Al-Lahiya and Al-Durayhimi districts in Hodeidah
[03 February 2024]
US-British aggression launched three raids on Sa'ada
[03 February 2024]
  Economy
Dollar faces strain amidst rate cut speculations in holiday trading
Dollar faces strain amidst rate cut speculations in holiday trading
Dollar faces strain amidst rate cut speculations in holiday trading
[27/December/2023]

NEW YORK December 27. 2023 (Saba) - The dollar remained under pressure today, Wednesday, while the euro is approaching its highest level in four months. This is in light of expectations that the U.S. Federal Reserve will cut interest rates soon and weak year-end flows. As traders head out for holidays globally leading into the new year, the shortened week will likely see weak volumes.

The dollar index, which measures the U.S. currency against six competing currencies, reached 101.54. That is close to its lowest level in five months at 101.42 which it touched last week. The index is heading towards a decline of 1.9 percent in 2023 after two consecutive years of strong gains. That is against the backdrop of the Federal Reserve raising interest rates to fight inflation.
“With little to speak of on the economic calendar for this week between global holidays, we do not expect a large swing in pricing to wrap up this calendar year,” said analysts at Monex USA. “Liquidity across the world will remain quite thin as many offices remain closed, which could give us some choppiness in markets, but largely this week is expected to remain fairly uneventful.”

Meanwhile, the euro fell 0.07 percent to $1.1034, after touching a four-month high of $1.1045 on Tuesday. The single currency has risen about 3 percent this year and is on its way to achieving gains for the third month in a row. Therefore, the euro is matching the rise it achieved last year.


Najat


resource : Saba

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UPDATED ON :Sat, 24 Feb 2024 16:27:11 +0300