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Foreign exchange market: The dollar falls on Monday

29/05/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The dollar fell on Monday. He is coming back from a six-month peak against the yen. The agreement on the US debt ceiling stimulated risk appetite in financial markets and reduced the attractiveness of the greenback as a safe haven

.

The dollar fell and lost about 0.1% to 140.50 yen, after briefly touching a six-month high of 140.91 yen during trade with Asia. The Dollar Index, which measures the value of the U.S. unit against a basket of other major currencies, was also a bit weaker around 104.23 but not far from last week's two-month peaks

.

The Australian dollar rose by 0.25% to $0.6535, while the kiwi rose by 0.26% to $0.6063. However, the dollar held steady against the other major currencies, with the euro losing 0.1% to $1.0722, while the pound sterling weakened slightly

to $1.2344.
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