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وكالة الانباء الاردنية
Dollar strengthens versus major currencies
The US dollar rose against a basket of major currencies, driven by the Bank of Japan's decision to raise its interest rate to the highest level in 31 years at 1.25%. This led to a 1.2% increase against the Japanese yen, reaching a two-week high, which bolsters the dollar's upward trend, with expectations of continued increases and the possibility of further rate hikes in the United States. Meanwhile, the euro and British pound experienced slight declines after the Bank of England indicated the potential for a future interest rate increase. Additionally, the Chinese yuan reached its highest level against the dollar in over four years, supported by policies from China's central bank.
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