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UAE Gold Prices Today at 487 Dirhams

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UAE Gold Prices Today at 487 Dirhams

Japan reports $2.49B trade deficit in June

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Japan reports $2.49B trade deficit in June

Japan's June exports increase 19.3%

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Japan's June exports increase 19.3%

America conducts 11th strike on Iran nuclear sites

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America conducts 11th strike on Iran nuclear sites

Sentekom reroutes 8 ships amid Iran blockade

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Sentekom reroutes 8 ships amid Iran blockade
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Dollar reaches weekly peak amid safe haven demand

Dollar reaches weekly peak amid safe haven demand

The US dollar index reached its highest level in over a week, supported by rising Treasury bond yields and increased demand for safe-haven currencies amid continued escalation in the Middle East. The dollar index rose by 0.2% to 101.17 points, while the Japanese yen fell to its lowest level against the dollar since 1986, recording 163.19 per dollar, prompting Japan to intervene to support its currency. Meanwhile, the euro declined slightly as investors awaited the European Central Bank's decision, which is expected to keep interest rates unchanged due to inflation risks.

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