Muscat: The U.S. dollar today hovered near multi-year lows against major currencies, with traders anticipating an almost certain interest rate cut from the Federal Reserve later in the day. The euro held firm at $1.1858, lingering just below a four-year peak of $1.18785 reached the previous session. Similarly, the British pound was steady at $1.3649, trading close to its highest level in two-and-a-half months. According to Oman News Agency, the broad weakness was reflected in the dollar index, which measures the greenback against a basket of six peer currencies. The index languished at 96.686, near its lowest point since early July, as markets positioned for a more dovish U.S. monetary policy stance.
Related Articles
International Conference Discusses Future of Humanities, Social Sciences in AI Era
Muscat: Tasks of the 2nd international conference titled “The Future of Humanities, Social Sciences and Sharia Sciences in View of Artificial Intelligence (AI) and Shaping an Up-to-Date Human Being” kicked off in Muscat today. The two-day conference i…
Bahraini, British Archaeologists discover first Christian Building in Bahrain dated to 4th Century CE
Manama, Bahraini and British archaeologists have unearthed what is believed to be one of the oldest Christian structures in the Arabian Gulf.
Located in Samahij, Muharraq, Kingdom of Bahrain, the discovery provides the first material evidence of this…
Council of Representatives Secretariat General denies receiving requests to lift immunity of members
Manama, The General Secretariat of the Council of Representatives said that it has not received any requests from the Ministry of Justice, Islamic Affairs, and Endowments to lift the immunity of any of its members.
The General Secretariat highlighted…