22 Hrs
Source:
المشهد العربي
Dollar remains near recent lows
The dollar's rate remained near its lowest level in several months against major currencies, amid declining expectations of monetary policy tightening, despite ongoing tensions in the Middle East that continue to affect sentiment. The euro reached 1.1581 dollars, and the British pound stood at 1.3548 dollars, both close to their recent highs. In the same vein, oil prices rose after a decrease in the likelihood of reaching an agreement between Iran and the U.S. Meanwhile, gold and silver prices experienced significant gains supported by the weakening dollar, amidst deteriorating navigation conditions in the Strait of Hormuz.
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