Dollar stabilizes amid rate hike doubts
The rise of the US dollar paused after the release of US inflation data, which prompted markets to reduce expectations of an interest rate hike by the Federal Reserve in the near term. The dollar index rose to around 100, heading towards a weekly increase of 0.4%. Additionally, the dollar's exchange rate against the yen stabilized at 159.44 yen, following a joint US-Japan intervention that helped the Japanese currency decline from near a 40-year high of 164 yen. As for other currencies, they experienced relative stability or slight declines, with Bitcoin's price remaining steady at approximately $63,532.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)