2024-02-05T09:03:26+00:00
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/ The US dollar rose to its highest level in eight weeks against major currencies on Monday, as traders’ bets that the Federal Reserve will cut interest rates significantly this year declined.
The dollar index rose to 104.18 against a basket of currencies, its highest level since December, and was last trading at 104.02 points.
The pound fell 0.18 percent to $1.2610 after earlier falling to $1.25985, its lowest level since January 17.
The yen rose slightly in recent trading to 148.36 per dollar, after hitting a low of 148.82 against the dollar earlier in the session.
The New Zealand dollar rose 0.14 percent to $0.60735 from $0.6048.
The yuan fell in trading outside China to 7.1999 against the dollar and in China to 7.2225 against the dollar.
The Iranian toman recorded 5,600 against the US dollar, while the value of the Turkish lira stabilized at 30.55 against the dollar.