The US dollar suffered steep losses today, with the Japanese yen on the back foot after a sharp rise in the previous session as traders contend with unwinding of popular carry trades and the prospect of deep rate cuts from the Federal Reserve. The dollar index was steady at 102.87 points in early trading. The yen was 1% lower today at 145.78 per dollar in early trading. The yen was also lower against the Australian dollar, euro, and sterling. The euro was steady at $1.095275, while the British pound rose slightly to $1.2789. The Australian dollar rose 0.45% to $0.6526 in early trading. Source: Oman News Agency
Related Articles
Oman’s Total Refinery Production Rises by 1.6%
Muscat: Oman’s total refinery production experienced a growth of 1.6 percent by the end of June 2025. This rise comes despite a notable decrease in MOGAS (motor gasoline) production for June 2025, which fell by 17.1 percent compared to the previous mo…
European Stocks Open Mixed as Oil Prices Rise
European stock indexes opened mixed today:uropean stock indexes opened mixed today, amid an increase of oil prices and investors awaiting inflation data. Among the major European markets, both France’s CAC 40 index in Paris and Britain’s FTSE 100 inde…
Oman and Burkina Faso Explore Economic and Investment Opportunities
Muscat: Qais Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion, met with Karamoko Jean Marie Traor©, Burkina Faso’s Minister of Foreign Affairs, Regional Cooperation and Burkinabe Abroad, to strengthen bilateral cooperation …