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الشارقة 24
Yen gains on lower U.S. rate hike hopes
China's economic momentum slowed down in July, with the slowdown continuing to impact growth despite stability in some economic indicators. At the same time, the Japanese yen experienced a significant rise due to reduced expectations of U.S. interest rate hikes, leading to a decline in the dollar against it. Additionally, Emirates NBD launched the country's first transitional financing framework. China also saw the transit of its first container ship through the Arctic to Europe, reflecting an increasing trend toward alternative trade routes beyond the traditional channels.
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