4 Hrs
Source:
الخليج
Bets cut temporarily halt dollar decline
The dollar's decline temporarily paused as investors approached next week's central bank meetings, with the strength of the US economy and robust employment data supporting the view that interest rates will remain high for a longer period. Currencies such as the British pound, Australian dollar, New Zealand dollar, and Canadian dollar rose against the dollar amid expectations that other central banks may raise their interest rates. Meanwhile, the euro and yen stayed within narrow ranges due to financial tensions and economic fragility in Europe and Japan. Market expectations suggest the Federal Reserve will keep interest rates unchanged in October, with a possibility of a hike in December, amid ongoing forecasts of rising rates in other countries.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)