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US dollar falls on Japan rate hike
The Bank of Japan raised interest rates for the first time in 31 years, leading to a decline in the yen's exchange rate. At the same time, oil prices dropped to their lowest level in a week, while European stock markets rose by 0.9% following the US Federal Reserve's decision. Gold prices experienced a 2% jump, supported by the decline of the dollar. Questions are being raised about the impact of this change on hot money flows into Egypt, especially amid new oil and gas discoveries worth $63 billion.
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