Economy Country February 04, 2025

Rise of the Dollar in Saudi Arabia

On Tuesday, the dollar saw a significant increase across various markets in Saudi Arabia, affecting trade and economic forecasts for the coming months.


Rise of the Dollar in Saudi Arabia

On Tuesday, a significant increase in the dollar exchange rate was widely reported. According to trading data, the European currency fell to a mark of 1.1239 dollars. Meanwhile, the dollar has demonstrated confidence in the market, applying pressure on other currencies. The dollar to Japanese yen pair strengthened to 126.33 yen.

"Recently, the dollar has become increasingly attractive to investors, mainly due to the overall rise in interest rates in the USA," noted a financial analyst. Nevertheless, experts warn of caution, as during the current trading session, currencies may remain quite volatile.