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[size=35][size=35]The dollar stabilizes near its highest level in 10 months[/size]
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09-29-2023 | 01:55
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Alsumaria News - Economy
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The euro was largely consolidated after an overnight rebound but is still not far from the January low of $1.0482, which if broken would be its lowest since December.
The dollar index, which measures the currency's performance against six other major currencies, was largely stable in morning trading in [You must be registered and logged in to see this link.], heading for its eleventh consecutive weekly gain, after falling to 106.020 overnight.
The dollar rose amid expectations that the US economy will remain more resilient in the face of high interest rates compared to other economies, after the [url=https://www.alsumaria.tv/Entity/126016/%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A %D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A/ar/]Federal Reserve[/url] indicated last week that it may raise interest rates further and is likely to keep them high for a longer period.
Against the dollar, the Japanese currency recorded 149.34 yen, and the yen remains in focus, as it is trading near the 150 level, which is seen as potentially triggering intervention from Japanese authorities.
The euro settled at $1.05625, down 0.04 percent in [You must be registered and logged in to see this link.] after rising from its lowest level in several months this week at $1.0488.
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Economy
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09-29-2023 | 01:55
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1,428 views
Alsumaria News - Economy
The dollar stabilized near its highest level in ten months on Friday as markets headed towards the end of the third quarter of the year, giving the yen a little more room at the end of the week amid fears of intervention.
[ltr]
0 seconds of 0 seconds Volume 0%
[/ltr]
The euro was largely consolidated after an overnight rebound but is still not far from the January low of $1.0482, which if broken would be its lowest since December.
The dollar index, which measures the currency's performance against six other major currencies, was largely stable in morning trading in [You must be registered and logged in to see this link.], heading for its eleventh consecutive weekly gain, after falling to 106.020 overnight.
The dollar rose amid expectations that the US economy will remain more resilient in the face of high interest rates compared to other economies, after the [url=https://www.alsumaria.tv/Entity/126016/%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A %D8%A7%D9%84%D9%81%D9%8A%D8%AF%D8%B1%D8%A7%D9%84%D9%8A/ar/]Federal Reserve[/url] indicated last week that it may raise interest rates further and is likely to keep them high for a longer period.
Against the dollar, the Japanese currency recorded 149.34 yen, and the yen remains in focus, as it is trading near the 150 level, which is seen as potentially triggering intervention from Japanese authorities.
The euro settled at $1.05625, down 0.04 percent in [You must be registered and logged in to see this link.] after rising from its lowest level in several months this week at $1.0488.
[You must be registered and logged in to see this link.]
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