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Ukraine Deepens Gulf Security Ties with New Defence Pacts in UAE and Qatar

  The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, meets President of Ukraine, Volodymyr Zelenskiy, in Doha, Qatar. Ukraine has expanded its defence partnerships in the Gulf, securing new agreements with both the United Arab Emirates and Qatar as President Volodymyr Zelenskiy toured the region amid rising regional tensions. These deals focus on countering missile and drone threats and reflect Kyiv’s effort to leverage its battlefield expertise to build long‑term security ties.  During a rapid diplomatic tour of the Gulf, Ukrainian President Volodymyr Zelenskiy secured new defence cooperation agreements with both the United Arab Emirates and Qatar. The accords come as regional tensions escalate due to ongoing Iranian missile and drone activity, prompting Gulf states to seek partners with advanced air‑defence capabilities. In Qatar, officials announced a defence cooperation agreement that includes collaboration on countering missile threats and unmanned aerial systems. Ukr...
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US Dollar Plummets as Federal Reserve Signals Rate Cuts in 2024

 


The US dollar has taken a hit after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The Bloomberg Dollar Spot Index fell for a fifth day as fears of a recession and dovish Fed commentary spurred investors to wager the central bank will have to reverse its most aggressive tightening cycle since the 1980s .

The US dollar has fallen to a four-month low after the Federal Reserve’s latest economic projections indicated that the interest-rate hike cycle has come to an end and lower borrowing costs are coming in 2024 . The dollar slid to the weakest level since early August as swap traders ramp up bets the Federal Reserve will cut interest rates as early as May. 

The dollar remains vulnerable until we see a shift in market expectations for the Fed and that may be a 2024 story. With the dollar rally stalled, it will take some firm real sector data to challenge the current dovish Fed narrative.

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