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Day: August 26, 2024

Dollar Slips against Yen

The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell’s emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda’s steadfastly hawkish tone.

The US currency hovered near its lowest…

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Oil Prices Rise 3% on Middle East Escalation Fears

Oil prices rose about 3% Monday on fears that escalation in the Middle East could disrupt oil supplies from the region.

Brent crude futures rose $2.30, or 2.91%, to $81.32 a barrel, while US crude futures rose $2.22, or 2.97%, to $77.05 a barrel.

Br…

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Japanese Stocks Close Lower as Yen Rises

Japanese stocks fell at the Tokyo Stock Exchange at the end of today’s trading session, with the yen rising to its highest levels since Aug. 5, amid escalating tensions in the Middle East, and increasing chances of a US interest rate cut in September …

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QSE Index Starts Trading in Green Zone

Qatar Stock Exchange index started Tuesday’s trading in green zone, rising by 60.75 points, or 0.59%, to reach the level of 10,276 points, compared to yesterday’s closing.

QSE general index was supported by a rise in all sectors: Banks and Financial …

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