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The dollar is near its lowest level in a month

2021-07-30T10:30:48.985Z

Singapore, SANA- The dollar remained near its lowest level in almost a month today, and it is about to record its worst weekly performance since May



Singapore-SANA

The dollar remained near its lowest level in almost a month today, and is on the verge of recording its worst weekly performance since May, as dovish statements from the US Federal Reserve, along with disappointing economic data, caused the currency to lose a month-long rally to the momentum.

The dollar index, which tracks the performance of the US currency against a basket of six other currencies, reached 91.96 after falling to 91.8555 yesterday, a level not recorded since the 29th of last June.

The dollar settled at its lowest level in two weeks against the Japanese yen at 109.54, while the euro rose to its highest level in a month against the dollar, reaching in the latest trading of 1.1880 dollars.

The Chinese yuan recovered, recouping most of the fall it recorded last Tuesday, to reach 6.4645 per dollar.

Source: sena

All business articles on 2021-07-30

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