12 Hrs
Source:
الخليج
Source: الخليج
12 Hrsالخليج
Source: الخليج
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The European currency, the euro, is heading towards its fifth consecutive weekly decline, despite a slowdown in selling and a rebound against the dollar to reach 1.1211 USD. However, it remains over 3% lower since the start of the period. This decline is attributed to market concerns over France's debt burden and political issues related to the budget cuts, even though the French bond market remains stable and U.S. bond yields have decreased, reducing some of the strength that had been driving the dollar higher. Meanwhile, the dollar has held steady at modest levels as U.S. bond yields decline. The Japanese yen, on the other hand, continues its fourth consecutive week of decline, settling around 158 yen per dollar, with only minor fluctuations. Additionally, the New Zealand dollar has experienced its longest losing streak in over four years, due to a reduction in New Zealand’s interest rates to 2.75% compared to the U.S. interest rates ranging between 3.75% and 4%. It is approaching a seventh consecutive weekly decline and nearing its lowest level recorded in 2025 at 0.5485 USD.
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