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Currency: the dollar is falling

12/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Ahead of the release of an inflation report that will provide clues about the path of the Federal Reserve's interest rate hikes, the U.S. dollar fell today.

Faced with a basket of currencies, the Dollar Index fell 0.05% to 102.07. The euro was up 0.1% to $1.0924 and the pound rose 0.04% to $1.2432. Both currencies are some distance from their one-week lows hit on Monday. The Aussie rose by 0.07% to $0.6658, while the kiwi gained 0.05% to $0.6195.

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