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Sharjah24 | الرئيسية

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Dollar hits two-month peak amid rate hike hopes

Dollar hits two-month peak amid rate hike hopes

The dollar steadied near a two-month high, supported by a strong US jobs report that boosted expectations of a Federal Reserve interest rate hike this year. Meanwhile, the Japanese yen declined to its lowest level, prompting government intervention, as the euro, British pound, and Australian and New Zealand dollars fell to new lows.

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