Washington - Saba:
The US dollar rose on Wednesday from its three-week low against the Japanese yen, gaining 0.18% to reach 149.90 yen, after hitting a low of 148.65 yen in the previous session. This increase comes amid investors' expectations of the Federal Reserve's decisions regarding interest rate cuts this month.
Media reports today indicated that the South Korean won stabilized at 1,413.80 against the dollar after recovering from a two-year low, while the Chinese yuan fell to 7.2948 against the dollar, nearing its lowest level in over a year.
The euro remained steady at 1.0506 dollars, as did the British pound at 1.26645 dollars. Meanwhile, the Australian dollar declined by 0.4% to 0.6461 dollars following data showing a slowdown in economic growth during the third quarter.
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