Business

US dollar notes are photographed in Buenos Aires, on June 23, 2022. - Argentines do their accounts in dollars, traumatised by recurrent economic crises and tormented by the inflation that is eating away at their pockets and is projected to exceed 60% this year. (Photo by Luis ROBAYO / AFP)

Dollar sinks against pound on US jobs data

By ahmadomar

January 06, 2023 | 08:15 p.m EDT

London: The dollar fell Friday versus the pound on news that US wage growth slowed in December, dimming expectations of more aggressive interest rate hikes from the Federal Reserve, dealers said.

At about 1600 GMT, sterling climbed 1.2 percent to $1.2043 following publication of the data.

dollar UK us pound

January 06, 2023 08:15 PM

Opinion

Welcome Modi

Opinion

India-Kuwait relations: A long history and ongoing partnership

Syria’s path forward

Everyone I met expressed heartfelt prayers for the Syrian people, hoping they will succeed in rebuilding their country. Perhaps this great people will learn from the experiences of other nations — from those who failed to unite their ranks and tho...

You’re invited to a party

Nermin Alhouti The play You’re Invited to a Party was crowned with the best overall production at the 24th Kuwait Theater Festival. While I won’t delve into an analysis of the play’s elements, it’s clear that its distinct and cohesive theatr...