2024-04-04T05:00:20+00:00
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/ The dollar stabilized on Thursday, below the highest levels it recorded recently, amid anticipation of jobs data in the United States and traders’ satisfaction over statements by Federal Reserve Chairman Jerome Powell that they saw as reassuring about the possibilities of lowering interest rates this year.
The yen remained confined to a narrow range in the recent period due to the possibility of intervention by the authorities, and it did not witness significant movement from the 151.56 level that it has been hovering around for three weeks.
The euro rose 0.6 percent and returned to the middle of the range it maintained for a year at $1.0837, and the New Zealand dollar rose 0.7 percent to above $0.60. In the latest trading, it reached $0.6013.
The British pound reached $1.2645, which is also the average range in which it has been moving since December.
Chinese markets are closed due to holiday.
European PMI readings are scheduled for release later on Thursday. The focus will then be on US jobs data scheduled for release tomorrow, Friday.