Mother of the Nation Endowment for Orphans’ initiative raises AED3.3bn during Ramadan; launches AED1 bn ‘Mother of the Nation City’ project
UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
Dollar Drops after Trump Fires Fed’s CookSingapore, 26 Aug (ONA) — The US dollar today surrendered gains in early trading in Asia after US President Donald Trump said he was removing Federal Reserve Governor Lisa Cook from her position.
The dollar index fell 0.3% to 98.187 after Trump made the announcement in a letter to Cook that he posted on social media.
The euro tacked on 0.2% in Asia, last fetching $1.1650, while sterling traded at $1.3483, up 0.2% so far on the day.
Against the yen, the dollar was traded at 147.18 yen, 0.4% stronger compared to late US levels.
The Australian dollar fetched $0.64915, up 0.15% in early trade.— Ends/Khalid
