The price of the dollar stabilized today, Monday, following investors digested a group of economic data released last week that raised hopes that the Federal Reserve (the US central bank) would slow down the pace of raising interest rates.
Data on Friday showed that non-farm payrolls in the United States increased by 223 thousand jobs in December, while average earnings rose 0.3 percent less than expected and less than 0.4 percent in the previous month.
There were other signs of a slowing economy, with service industry activity in the United States contracting for the first time in more than two-and-a-half years in December amid weak demand.
This led to a decline in the dollar index, which measures the performance of the US dollar once morest six major currencies, by 1.15 percent on Friday. The index rose 0.01 percent to 103,720 on Monday. The index achieved a rise of eight percent in 2022. The Japanese yen rose 0.12 percent once morest the dollar to 131.94 per dollar, while the pound sterling recorded in its last transactions $ 1.2099, up 0.06 percent during the day, following rising 1.5 percent on Friday.
The euro rose 0.11 percent to $1.0656, following closing 1.17 percent higher on Friday.
The Australian dollar rose 0.17 percent once morest the US currency, to $0.689, while the New Zealand dollar rose 0.02 percent, to $0.635.
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Tomorrow the weather will turn rainy with a decrease in temperature and active winds
The Department of Meteorology at the Directorate General of Civil Aviation expected the weather tomorrow to be partly cloudy to cloudy, with a drop in temperatures on the mountains and indoors, without any significant change on the coast. on the heights.
The following bulletin was stated:
– The general situation: volatile weather in the eastern basin of the Mediterranean as a result of the depression centered over Egypt, which leads to sporadic rains in the interior, with temperatures above their seasonal rates and continues until Friday morning, as it is affected by another depression centered over Cyprus and leads to rainy weather with Lightning and thunder occur.
The average temperature for the month of January ranges from 11 to 19 degrees.
– The expected weather in Lebanon:
Tuesday: Partly cloudy with moderate clouds without significant change in temperatures on the coast and in the interior, and a slight decrease in the mountains, with light rain indoors.
Wednesday: Partly cloudy to cloudy with a drop in temperatures on the mountains and indoors, with little change on the coast. Scattered rain falls in the evening in the coastal areas with active winds, and fog forms on the heights.
Thursday: Partly cloudy to cloudy with no significant change in temperatures on the mountains and in the income and its decrease on the coast, as fog continues to form on the heights.
Friday: Mostly cloudy with no significant change in temperatures on the mountains and indoors, and a decrease on the coast with sporadic rain in the coastal areas, which sometimes intensifies in the morning with the arrival of the depression, and is accompanied by lightning, thunder and active winds. Snow falls at an altitude of 1,800 meters, with fog still appearing on the heights.
Temperature on the coast from 13 to 19 degrees, above the mountains from 7 to 11 degrees, indoors from 6 to 12 degrees.
Surface winds: northeasterly during the day, volatile and weak at night, with speeds between 8 and 25 km/hr.
– Sweeping: good
– Relative humidity on the coast: between 40 and 70%.
– Sea condition: calm, water surface temperature: 20 degrees.
Atmospheric pressure: 769 mm Hg.
– Sunrise hour: 6,43
Sunset hour: 16:41
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The dollar stabilizes with the rise in US Treasury yields
The dollar index, which measures the performance of the US currency once morest a basket of currencies, settled at 104.28, following the rise in long-term US Treasury yields last night, and the decline of initial optimism regarding China easing Corona restrictions and opening the economy.
The pound rose 0.19% to $1.2040, but it was not far from its three-week low of $1.1993 last week.
The euro also increased 0.15% at $1.0628, and the Japanese yen rose nearly 0.5% to 133.83 yen per dollar, while the offshore Chinese yuan rose slightly to 6.9932 per dollar.
The Australian dollar rose 0.16% to $0.6751, while the New Zealand dollar advanced 0.33% to $0.6331.