2023-06-22 23:02:01
The dollar approached today, Thursday, its lowest level in a month against a basket of currencies, after Jerome Powell, Chairman of the Federal Reserve, stuck to his usual messages in his semi-annual testimony, which did not include any surprises.
In his speech to members of the House of Representatives in Congress on Wednesday, Powell said that continuing to raise US interest rates provides a “very good prediction” about what the Federal Reserve will do if the economy continues in its current direction. These statements are in line with what the US central bank said at its monetary policy meeting last week.
And the dollar index settled in the latest transactions at 102.09 points, close to its lowest level in five weeks at 102 points, after falling almost 0.5 percent in the previous session.
Trading in Asia was on a tight note, with stock exchanges in Hong Kong and China closed for a holiday.
The euro rose to its highest level in more than a month at 1.0995 against the dollar, to continue its rise after rising 0.65 percent yesterday, Wednesday.
The British pound fell 0.1 percent to 1.2755 against the dollar.
The dollar fell 0.05 percent to 141.81 against the yen, after touching a seven-month peak of 142.37 against the Japanese currency in the previous session.
The Chinese yuan stabilized in foreign transactions on Wednesday at its lowest level in seven months, and recorded in the latest transactions 7.1823 against the dollar.
The Australian dollar fell 0.51% to 0.6762 against the dollar, and the New Zealand dollar fell 0.2% to 0.6190 against the US currency.
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