24 Hrs
Source:
المصري اليوم
US dollar update July 31 2026
The US dollar experienced a partial recovery against the Japanese yen during today's trading session, after suffering a sharp decline in the previous session due to Japanese authorities' intervention to support the local currency. The dollar rose by 0.45% to reach 160.175 yen, following a 2.4% drop in the previous session, marking the largest single-day loss since January 2023. Japanese authorities intervened by buying yen and selling dollars to help stabilize the currency ahead of the Bank of Japan's monetary policy announcement. Expectations suggest that the bank will maintain its interest rate at 1%, while markets await signals of a more hawkish stance, according to analysts. This occurred alongside the Federal Reserve's decision to hold interest rates steady, which influenced the dollar's performance. Currently, the dollar is on track to record weekly losses of approximately 1.5% and a monthly decline of around 1.2%. The dollar index remained steady at 100.6 points, with the euro steady at $1.1523 and the British pound at $1.34605, while other currencies experienced slight declines.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)