Views

The greenback was supported by the upbeat US economic data, halting recent selling of the US currency, while the data boosted Asian currencies as investors eased their recent gloomy outlook on the global economy.

The data kept the dollar steady against most major currencies as investors awaited the monthly jobs report.

The Pound recorded the best weekly performance since May, rising 1.4% against the Dollar, the Sterling settled at $ 1.2328, and Asian currencies rose slightly.

The Australian dollar hovered near a one-month high of $ 0.6817, and the South Korean won touched a one-month high of $ 1198.40 and weakened slightly.

The dollar index, which tracks the performance of the greenback against a basket of rival currencies, was little changed at 98.387, and the euro was steady at $ 1.1040.
The safe-haven yen rose slightly to 106.99 in a sign of some caution infiltrating the market.

The Chinese yuan has stabilized almost even though it is heading towards its first weekly gain in three weeks.

Translated from Tishreen News

The stability of the dollar – Tishreen Newspaper

About The Author
-

Leave a Reply

avatar
  Subscribe  
Notify of