The US dollar is on track to record its first monthly gain since October, buoyed by shifting global economic expectations and resilient domestic data. The US Dollar Index (DXY), which measures the greenback against a basket of major currencies, stabilised near 97.74 on Friday.
This performance was bolstered by a strong chicago pmi reading of 57.7, which provided fundamental support for the currency’s strength throughout the period. Despite this upward trend, the dollar faced a key ceiling for the month as it encountered a notable resistance level at 98.00.
Within this context, the Chinese yuan fell 0.12% to 6.8581 per dollar, despite rising approximately 2% since the start of the year. The Australian dollar stabilised at 0.7121 dollars, heading toward its fourth consecutive monthly gain. In contrast, the yen dropped to 156.02 yen per dollar, and the British pound retreated to 1.3485 dollars, while the euro maintained its stability near 1.1823 dollars.
WAM
As the conflict enters its 35th day, Iran and its allies continue to exchange fire…
Iran and Oman are drafting a protocol to “monitor transit” through the Strait of Hormuz, Iranian state news agency…
A plastic surgeon examined before and after pics of Britney Spears to explain her face…
Emmanuel Macron has sharply criticised Donald Trump’s inconsistent and often contradictory pronouncements on the Iran…
As the US–Israel war on Iran enters day 34, tensions show no sign of easing,…
Miranda Priestly would have something to say about Meryl Streep’s latest look. With a nod…