2024-03-28T04:50:15+00:00
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/ The dollar received a boost against its major currency counterparts, on Thursday, as a Federal Reserve official said that they are in no rush to cut interest rates amid stubborn inflation, at a time when traders are awaiting key economic data.
Meanwhile, the yen maintained its position against the dollar after Japan’s top monetary policy officials indicated on Wednesday that they were ready to intervene. The Japanese currency is still not far from the level of 152 against the dollar.
The dollar index, which measures the performance of the US currency against major currencies, rose to settle at 104.41 points, and has increased about three percent so far this year.
The dollar reached 151.975 yen yesterday, Wednesday, its highest level against the Japanese currency since mid-1990.
In one of the transactions, the yen reached 151.37 against the dollar, while the euro fell 0.11 percent to $1.0814, and the British pound fell 0.17 percent to $1.2616.
As for cryptocurrencies, Bitcoin rose in the latest trading by 1.14 percent to $69,648.86.