13 Hrs
Source:
AL24 News
US dollar stable before central bank meetings
The global currency markets experienced relative stability in the exchange rate of the US dollar, amid anticipation of a series of central bank meetings next week. The British pound supported the dollar, reaching its highest level in a month at 1.3409 USD due to strong UK inflation data, and settled at 1.33955 USD. The Australian dollar also hit a three-week high at 0.7025 USD. Expectations of interest rate hikes in New Zealand pushed the New Zealand dollar up to 0.5709 USD, while the Canadian dollar remained close to its monthly high at 1.4032 USD. Meanwhile, euro and yen currencies remained within narrow ranges, with expectations of interest rate increases leading to the yen stabilizing at around 158 yen against the dollar.
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