Dollar Stoops to Three-year Low

FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo
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Dollar Stoops to Three-year Low

FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo

The dollar fell near a three-year low against a basket of currencies on Friday, heading for a 5-week downtrend in a wave of losses that may be the longest since May 2015.

The US currency fell to its lowest level since December 2014 this week.

The dollar index remained close to those levels today, under pressure from fears that the US government might stop working.

The index fell 0.3% on Friday to 90.243, slightly above its Thursday low of 90.113.

The index has lost about 2 percent since the beginning of this year.

The euro rose 0.3 percent to $ 1.2276, near a three-year high of $ 1.2323 hit on Wednesday.

The US currency fell 0.5 percent against its Japanese counterpart to 110.60 yen. The yen recovered from its four-month low, which hit Wednesday at 110.19 yen per dollar.

The pound failed to hold on to previous gains against the dollar, and fell Friday morning by 0.2 percent at $1.38, and fell about 0.3 percent against the euro at 1.31 euros.

The US currency lost its morning gains on Thursday, influenced by mixed US economic data, with better than expected unemployment benefits applications, and disappointing data for new housing projects.

The number of Americans filing for unemployment benefits dropped to a 45-year low last week, Reuters reported.

The Labor Department said initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week.



Shipping Company Maersk Temporarily Pauses Haifa Port Calls

Israeli Air Force AH-64 Apache attack helicopters fly over Israel's northern city of Haifa on June 19, 2025. (Photo by Jalaa MAREY / AFP)
Israeli Air Force AH-64 Apache attack helicopters fly over Israel's northern city of Haifa on June 19, 2025. (Photo by Jalaa MAREY / AFP)
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Shipping Company Maersk Temporarily Pauses Haifa Port Calls

Israeli Air Force AH-64 Apache attack helicopters fly over Israel's northern city of Haifa on June 19, 2025. (Photo by Jalaa MAREY / AFP)
Israeli Air Force AH-64 Apache attack helicopters fly over Israel's northern city of Haifa on June 19, 2025. (Photo by Jalaa MAREY / AFP)

Container shipping company Maersk said on Friday it had temporarily paused vessel calls at Israel's Haifa port amid regional tensions.

The Danish company said it did not experience any further disruptions to its scheduled operations in the region.

Israel has been hitting Iran from the air since last Friday in what it describes as an effort to prevent Tehran from developing nuclear weapons.

Iran has denied plans to develop such weapons and has retaliated by launching counterstrikes on Israel.

On Thursday, Iran's Revolutionary Guards said it had launched combined missile and drone attacks at military and industrial sites linked to Israel's defense industry in Haifa and Tel Aviv.