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
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Dollar Sags Near Multi-Year Lows as Fed Rate Cut LoomsSingapore, 17 Sep (ONA) — 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.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.— Ends/Khalid
