14 Hrs
Source:
الوئام
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Dollar drops as yen hits 7-month high
The value of the Japanese yen rose against the dollar to reach a seven-month high, supported by expectations of an interest rate hike by the Bank of Japan, amidst the unwinding of short positions on the Japanese currency. In terms of currencies, Asian currencies remained stable or saw slight increases, as markets await the upcoming American inflation data and its potential impact on U.S. interest rate decisions. Meanwhile, geopolitical tensions in the Middle East continue, affecting oil prices.
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