New york: The US dollar index, which measures the greenback's strength against a basket of six currencies, snapped a two-day losing streak to trade 0.1% higher at 98.51 points. This slight increase reflects the ongoing shifts in global currency markets as investors watch for upcoming central bank decisions.
According to Qatar News Agency, the euro experienced a decline of 0.1%, now valued at $1.1713. Meanwhile, the British pound remained steady, trading at $1.3531. The Australian dollar showed no change, maintaining its position at $0.7185, while its New Zealand counterpart saw a decrease of 0.1%, trading at $0.5901.
The yen displayed a 0.2% increase, trading at 159.02 per dollar, and strengthened by 0.3% against the euro, reaching 186.25. This marks its strongest performance against the European currency in the last two weeks. Investors are closely monitoring central banks in the euro zone, the UK, and Canada as they prepare to deliver rate decisions later this week.