The dollar steadied near a three-week high in early trading, keeping gains after strong US jobs data cut expectations that the Federal Reserve will cut interest rates sharply.

The dollar index hit 97.229 in early London trading below the nearly three-week high of 97.443 recorded on Friday.

The euro was trading at $ 1.1225, unchanged from Sunday, and the single currency fell on Friday to $ 1.1208.

Sterling hit a six-month low against the dollar after weak economic data and increased expectations that the Bank of England will cut interest rates. In the latest trading, the British currency recorded $ 1.2513, down 0.2 percent on Monday.

Translated from Tishreen News

Dollar Stable – Tishreen Newspaper

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