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The dollar is retreating from its 6-week peak

2023-02-20T11:49:31.946Z


London, SANA- The dollar fell today, but remained close to the highest level in six weeks, after a group of recent data


london-sana

The dollar fell today but remained close to the highest level in six weeks after a batch of strong economic data recently, reinforced market expectations of additional tightening of monetary policy from the Federal Reserve.

Reuters reported that the dollar index fell 0.14 percent to 103.83, but rose by about 1.8 percent during the month, to remain on track for recording the first monthly rise since September.

There was little change in the euro and it traded at 1.0694, just above its lowest level in six weeks at $1.06125. The dollar settled against the Japanese yen at 134.18, while the Australian dollar rose 0.4 percent to $0.6909.

The New Zealand dollar fell 0.2 percent to $ 0.6231, and the Chinese yuan in foreign transactions rose slightly to 6.8643 against the dollar.

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Source: sena

All business articles on 2023-02-20

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