2024-01-10T10:15:39+00:00
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/ The dollar stabilized today, Wednesday, in cautious trading ahead of US inflation data later this week, which may affect the policy of the Federal Reserve (the US central bank), while Bitcoin fluctuated after a false post on social media caused… Market turmoil.
Bitcoin rose to a new 21-month peak of $47,897 after the fake post, before falling below $45,000 within minutes after the SEC deleted the information and denied its authenticity.
In the currency market, the dollar maintained its gains, as the dollar index, which measures the performance of the US currency against a basket of six currencies, reached 102.53, after rising by 0.215 percent yesterday, Tuesday.
In terms of other currencies, the euro did not record a noticeable change at $1.093, while sterling fell 0.05 percent to $1.2699. The Japanese yen lost 0.17 percent, reaching $144.70.
The Australian dollar rose 0.22 percent to 0.6703 against the dollar, and the New Zealand dollar rose 0.09 percent to 0.6242 against the dollar.