The dollar traded near the lowest in more than a year on Thursday as a dovish Federal Reserve and fresh signs of weakness in the US job market backed the case for interest rate cuts. The dollar fell below 145 yen mark. The dollar index, which measures the greenback against a basket of six major currencies, was little changed at 101.19. It fell to 100.92 on Wednesday for the first time this year. The euro was down slightly at $1.1143 after rising to $1.11735 Wednesday for the first time since July 2023. Sterling eased to $1.3084 after climbing to $1.31195 in the previous session, also a level last seen in July 2023. The dollar slipped 0.11 percent to 145.095 yen after earlier falling to 144.86 yen. The Australian dollar lost 0.19 percent to $0.67315, retreating from yesterday's five-week high of $0.6761, amid a mixed performance for Asia-Pacific stocks on Thursday. The Chinese yuan was slightly higher at 7.1292 per dollar in offshore markets, but was down from yesterday's high of 7.1135. Source: Qatar News Agency
Related Posts
CBB 12 month Treasury Bills issue No. 119 oversubscribed
Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 248%.
The bills, carrying maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.
The issue date of the bills is August 22, …
Anti-smoking battle under threat from ‘cancel culture’ and misinformation
Ramallah – Ma’an – In recent years, the world has witnessed a remarkable development in the spread of alternative products to traditional cigarettes, such as electronic cigarettes, heated tobacco, and nicotine pouches. These products have proven effec…
National Planning Council: Building Permit Issuance Rises in May by 68 Percent
Doha: According to the National Planning Council’s Statistics of Building Permits and Building Completion Certificates Issued during May 2024, the number of building permits stands at 782, constituting a 68 percent rise compared to the previous month,…