The US dollar retreated from the highest level in two decades against a basket of major currencies, on Thursday, as investors awaited the speech of Federal Reserve Chairman (US Central Bank) Jerome Powell in anticipation of recent indicators regarding the course of monetary policy.
Sharjah 24 – Archyde.com:
The US dollar fell from the highest level in two decades against a basket of major currencies, on Thursday, as investors awaited the speech of Federal Reserve Chairman (US Central Bank) Jerome Powell in anticipation of recent indications regarding the course of monetary policy.
The Australian dollar has outperformed its advanced market counterparts as it follows the path of the rising Chinese yuan.
The dollar index, which measures the performance of the US currency against a basket of 6 major currencies, fell 0.19% to 108.42, but it remained not far from the highest levels recorded since September 2002 at 109.29, which it touched in mid-July.
The dollar fell 0.25% to 136.78 yen, retreating from a one-month high of 137.705 yen.
The euro rose 0.18% to $0.99865, after falling to a twenty-year low of $0.99005 on Tuesday.
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