The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for US monetary policy. The US dollar index, which measures the currency against six major rivals including the yen and euro, was little changed at 104.28. The dollar-yen pair slipped 0.08% to 153.26. The euro was flat at $1.0815 ahead of gross domestic product readings across Europe later in the day. Sterling traded down 0.12% at $1.29995 ahead of the Labour government's first budget on Wednesday. The Aussie dropped as low as $0.6537 for the first time since Aug. 8, before trading 0.27% weaker at $0.6542. Source: Qatar News Agency
Thursday, November 07, 2024