Category: Business

Dollar Holds Near One-Month Peak as Fed Rate-Hike Odds Persist

Muscat: The dollar clung to its one-month peak today, as prospects for a rate hike at the Federal Reserve’s upcoming meeting remained on the table, even as sliding oil prices tempered some inflation concerns. The dollar index, which measures the US cu…

Oil Tumbles as US-Iran Hostilities Halt

Oil prices retreated by more than a dollar per barrel today following a halt in hostilities between the united states and iran: Brent crude futures fell USD 1.47, or 1.66 percent, to settle at USD 86.89-its lowest level since 20 July-while West Texas …