2024-02-19T08:40:02+00:00
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/ The US dollar stabilized on the global stock exchange on Monday, after data last week showed that inflation in the United States remains difficult to control, casting doubt on when the US Federal Reserve will start its monetary easing cycle, while the Japanese currency remained weak at the same level of 150 to the dollar.
The dollar index, which measures the performance of the US currency against six major currencies, started this week little changed at $104.20 after recording gains for five consecutive weeks.
The yen rose 0.20% during the day to $149.94.
Data last week showed that U.S. producer and consumer prices rose more than expected in January, with inflation apparently holding steady, raising the possibility that the Federal Reserve will delay cutting interest rates.
The euro was trading at $1.0782, while the pound sterling reached $1.26205, up 0.16% on the day.
The Australian dollar rose 0.15% to $0.6542, while the New Zealand dollar advanced 0.24% to $0.6139.