Dollar steadies amid rate hike expectations
The U.S. dollar stabilized today after a decline in expectations for a Federal Reserve (U.S. central bank) interest rate hike, following the release of recent U.S. inflation data. The dollar index reached a level of 100, achieving weekly gains of about 0.4%. The dollar remained steady against the yen at 159.44 yen, while the major currency basket saw declines; the euro stayed at $1.1523, the British pound fell to $1.3489, the Australian dollar dropped to $0.7049, and the New Zealand dollar declined to $0.5832. These results came after data showed increased expectations that the US may halt or delay interest rate hikes, leading to short-term dollar stability.
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