[Wed, 17 Jul 2024 17:20:48 +0300]

SINGAPORE July 17. 2024 (Saba) - The US dollar fell on Wednesday, after a slight recovery, amid traders' focus on the possibility of the Federal Reserve (the US central bank) cutting interest rates by next September.

According to Reuters, the dollar index, which measures the performance of the US currency against a basket of six major currencies, fell to 104.19, while the euro rose 0.06 percent to $1.0906, the Australian dollar rose 0.1 percent to $0.6740, and the New Zealand dollar rose 0.35 percent to $0.6071.

While the British pound was little changed at $1.2972, ahead of UK inflation data due later today, the yen stabilized in the latest trading at 158.34 per dollar.

Facebook

Whatsapp

Telegram

Email

Print

more of (Economy)

U.S. economy contracts in Q1 amid rising imports European stocks close higher Russia: Free trade agreement between Moscow, Tehran to enter into force next month Iraq prepares to launch global investment forum in early June European Union is considering reducing its purchases of American weapons Gold rebounds on buying despite hopes for U.S-China trade deal IMF: US recession risks increase EU Plans Roadmap to Abandon Russian Energy Resources Gold prices deepen losses, dropping below $3,300 per ounce Muscat Stock Exchange Index closes lower