Tokyo: The yen fell to its lowest level since February on Tuesday, while riskier currencies held steady against the dollar, as traders awaited news on whether US lawmakers would be able to end the government shutdown in the coming days. According to Yemen News Agency, the euro was steady at $1.1558, while the pound sterling edged up to $1.3177. The agreement that would restore federal funding and end the longest government shutdown in US history cleared an initial hurdle in the Senate on Sunday, but it remains unclear when Congress will give its final approval.
Related Articles
Central Bank China’s Conducts $70 Billion Direct Reverse Repo Operation
Beijing: The People’s Bank of China announced that it will conduct a direct reverse repo operation worth 500 billion yuan (about $70 billion) on Friday to maintain ample liquidity in China’s banking system.
According to Yemen News Agency, the operat…
Gold Prices Edge Up as Investors Look to Federal Reserve Symposium for Guidance
Sana’a: Gold prices rose on Tuesday as investors awaited the US Federal Reserve’s annual symposium this week for clues on potential interest rate cuts. Spot gold increased by 0.2% to reach $3,337.5 per ounce, while December gold futures marked a modes…
British Economy Contracts by 0.1% in April Amid Global Tensions
London: British GDP contracted by 0.1% in April on a monthly basis, impacted by the repercussions of the US-Israeli aggression against Iran.
According to Yemen News Agency, the UK’s Office for National Statistics (ONS) stated that “GDP shrank by 0.1 …