Dollar On Track For Best Week Since November
(MENAFN- The Peninsula)
QNA
Singapore: The dollar had a robust start to the year, with the currency on course to post its biggest weekly gain since November, underpinned by expectations of fewer federal Reserve rate cuts this year and the view that the US Economy will continue to outperform the rest of its peers globally.
The dollar index last stood at 109.18 and was on track for a weekly gain of 1.1 percent, its strongest since November.
The euro was meanwhile among the biggest losers against a towering dollar, having tumbled 0.86 percent in the previous session to $1.022475.
MENAFN05012025000063011010ID1109055710
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.