Dollar broadly stable globally

by times news cr

2024-02-22T05:42:40+00:00

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/ The US dollar was broadly stable on Thursday, as traders awaited a series of business activity surveys to gauge the strength of major economies and what that might mean for interest rate expectations around the world.

Preliminary readings of purchasing managers’ indices for the US, UK and eurozone are due later on Thursday, and will shed more light on the manufacturing and services sectors.

The dollar index fell 0.06 percent to 103.92.

The dollar rose against the yen and returned to trade again above the 150 level, reaching 150.34 yen in the latest transactions.

The Australian dollar rose 0.07 percent to $0.65565, while the New Zealand dollar rose to a one-month high of $0.6198.

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