The dollar hits the biggest weekly drop in two months: Sky News Arab Sky News

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The dollar may fall further as a result of rising fears of a slowdown in global economic growth, due to speculation that the US Federal Reserve will also suspend its three-year rate hike.

The dollar index, which measures the performance of the greenback against a basket of currencies, has stabilized at 96.83, but on a weekly basis the dollar seems to be driving the biggest decline in more than two months, according to Reuters.

The dollar was stable against the euro at $ 1.1371, while it was slightly higher than the yen, with an increase of 0.1% to 112.79 yen and the Australian dollar to $ 0.7216.

US Federal Reserve Chairman Jerome Powell said last week that US interest rates are approaching neutral levels, which the markets view as a hint of slowing increases.

In US jobs, reports showed a slowdown in employment growth in November, which means that a relatively low rate of economic activity could hold expectations of lower rate hikes. interest in 2019.

The monthly report from the labor department came in between sharp declines in US equities and a partial reversal of the US yield curve, fueling fears of an economic recession, Reuters reported.

Non-agricultural jobs increased 155,000 jobs last month, with construction companies taking less workers in eight months.

The September and October figures were revised to show 12,000 less jobs than previous estimates.

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The dollar may fall further as a result of rising fears of a slowdown in global economic growth, due to speculation that the US Federal Reserve will also suspend its three-year rate hike.

The dollar index, which measures the performance of the greenback against a basket of currencies, has stabilized at 96.83, but on a weekly basis the dollar seems to be driving the biggest decline in more than two months, according to Reuters.

The dollar was stable against the euro at $ 1.1371, while it was slightly higher than the yen, with an increase of 0.1% to 112.79 yen and the Australian dollar to $ 0.7216.

US Federal Reserve Chairman Jerome Powell said last week that US interest rates are approaching neutral levels, which the markets view as a hint of slowing increases.

In US jobs, reports showed a slowdown in employment growth in November, which means that a relatively low rate of economic activity could hold expectations of lower rate hikes. interest in 2019.

The monthly report from the labor department came in between sharp declines in US equities and a partial reversal of the US yield curve, fueling fears of an economic recession, Reuters reported.

Non-agricultural jobs increased 155,000 jobs last month, with construction companies taking less workers in eight months.

The September and October figures were revised to show 12,000 less jobs than previous estimates.

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