2023-07-17 11:34:19
The dollar fell today, Monday, against a basket of currencies, after recording the largest weekly decline this year, as dealers await economic data and monetary policy decisions.
The euro continued to rise, rising 0.15% to hit a 16-month high of $1.12440, before losing a bit of its momentum.
The dollar fell against the yen by 0.27%, to 138.38 yen, after touching the lowest level against the Japanese currency in two months last Friday. The dollar is currently trading at 138.12 yen.
Last week’s US inflation data fueled investors’ bets that the Federal Reserve (the US central bank) is close to ending the cycle of raising interest rates.
The dollar index fell 0.13% to 99.831, before it consolidated slightly.
The dollar index recorded the largest weekly decline since November 2022, when it fell 2.25% in a week.
The Australian dollar was last down 0.34%, at $0.6815, from a peak of $0.6895 last week.
The New Zealand dollar also fell 0.4% to $0.6345, after hitting a 5-month high of $0.6412 on Friday.
The Swedish krona rose 0.65% to 10.1860 per dollar, and the Norwegian krone rose 0.4% to 10.0180 per dollar.
The pound sterling settled at $ 1.3094, close to the 15-month peak it recorded last week.
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