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Wednesday, February 12, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

The dollar rises after the release of data on unemployment insurance claims in America

The number of Americans filing new claims for unemployment benefits last week hit its highest level since late 2021, indicating that rising interest rates are starting to weigh on the job market.

However, the labor market remains strong, with 1.6 jobs created for every unemployed person in March.

The dollar index, which measures the performance of the US dollar against six major currencies, hit 101.92, up 0.7%.

As for the pound, which pared its losses earlier after the Bank of England raised interest rates for the twelfth consecutive time, it fell 0.8% to $1.2522.

The euro hit $1.0904 in its last trade, down 0.6%, and fell to its lowest level in three weeks, after Chinese data showed more signs of a slowing recovery. post Corona.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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