20 Hrs
Source:
الاقتصادية
Dollar falls as de-escalation hopes surpass rate hike expectations
The US dollar declined today as expectations of de-escalation in the Middle East increased, leading the dollar index to fall by 0.27% to 99.77 points, down from an earlier high of 100.21 points, the highest level since early April. This was supported by an improved investor appetite for riskier assets, amid a halt in attacks between Iran and Israel and reduced geopolitical concerns. Additionally, focus remains on Federal Reserve policies and inflation data, which could potentially lead to a rate hike later this year.
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