New york: The dollar declined on Thursday due to the US-China trade war and speculation of a US interest rate cut this year. The euro rose 0.14 percent to $1.1664 in early trading, hitting its highest level in a week, while the Japanese yen rose to a one-week high of 150.52 to the dollar. According to Yemen News Agency, the dollar index, which measures the US currency's performance against six other currencies, fell 0.16 percent to 98.512, heading for a weekly decline of 0.33 percent. The Australian dollar fell 0.4 percent to $0.6485. With the US government shutdown entering its third week, investors are focusing on policymakers' comments to determine the Federal Reserve's near-term direction.
Related Articles
Eurozone Faces Potential £1.3 Trillion in Drought-Related Losses
Frankfurt: The European Central Bank (ECB) has warned that Eurozone economies could suffer devastating losses from drought conditions potentially wiping out 15% of the region’s economic output.
According to Yemen News Agency, an ECB research paper re…
Iraq’s Oil Exports Set to Gradually Resume to Previous Levels
Iraq: The Iraqi government announced on Friday that oil exports are poised to gradually return to their previous levels as the country’s oil fields are ready to resume extraction operations.
According to Yemen News Agency, Oil Minister Basim Mohamme…
Omani Economy Records Significant Growth in 2024
Muscat: The Omani economy recorded significant growth last year, 2024, with the Gross Domestic Product (GDP) increasing by 1.3 percent, driven by the improved performance of the non-oil sector, which grew by 3.9 percent, as a result of expansion in th…