The US Dollar (USD) gained on Thursday, boosted by month-end buying, despite data showing signs of a slowing US economy that suggested the Federal Reserve may be done raising interest rates and start easing by the middle of next year. The dollar index, which measures the greenback’s value against six major currencies, rose 0.5% to 103.38. The index was on track to post its best daily gain in more than a month.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Missing girl, Italian authorities ask Pakistan to handover parents

The Justice Ministery of Italy stated on Thursday that Marta Cartabia, Justice…

Four killed and 35 wounded as Israeli military attacks Jenin camp

Israeli forces intensified their attacks on Jenin camp on Tuesday, killing at…

Ethnic attacks kill 60 in Ethiopia’s Oromiya

Nairobi: On September 6, Gunmen killed more than 60 people and displaced…