Money and business

The dollar fell in Asian trading


Decreased The US dollarin early Asian trading today, with investors focusing on indicators of weakness in the American labor market, in light of the absence of official data due to the government closure.

And The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose by 0.5% to 99.674, with increasing expectations that the US central bank will cut interest rates at its next meeting scheduled for December 10. 1.8% year-on-year, a performance lower than the average market expectation of 2.5%.

Meanwhile, the Australian dollar reached 0.6479 US dollars, while the New Zealand dollar rose 0.1% to 0.5635 dollars, and the Chinese yuan in the offshore market stabilized at 7.1233 yuan per dollar.

The British pound remained stable at 1.3135 dollars, after… The Bank of England’s decision to keep interest rates unchanged, while the euro remained stable near its highest level in a week at $1.1550.

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