2023-12-13T10:16:17+00:00
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The US dollar achieved slight gains against major competing currencies, on Wednesday, as traders awaited the conclusion of the US Federal Reserve’s monetary policy meeting, which could provide indications about the timing in which the bank will begin lowering interest rates.
The Chinese yuan fell after a meeting of senior Chinese officials failed to provide strong stimulus measures to support economic growth, and the New Zealand dollar fell after lower-than-expected inflation data indicated that the central bank may not have to move forward with raising rates.
The US dollar index, which measures its performance against six major currencies, rose 0.1% to 103.86 by 0540 GMT, recovering from some losses after falling 0.31% overnight.
The Chinese yuan fell in instant transactions to 7.1831 per dollar, and as for cryptocurrencies, Bitcoin maintained the level of $41,000 that it reached last Friday, after retreating from the highest level since April 2022 at $44,729.
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