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Currency: The dollar is close to its lowest in five weeks

05/12/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The American dollar remained close to its peak on Friday lowest level in five weeks against its main competing currencies. Investors expect the Federal Reserve to cut rates the next week.

The greenback was particularly weak Against the yen, the Japanese currency reaching a high of nearly three weeks, driven by expectations of a resumption of the rate hike cycle by the Bank of Japan later this month.

The dollar index, which measures the American currency against a basket of six major currencies, fell by 0.2% to 98.929 at 06:23 GMT, approaching the five-week low of 98.765 on Thursday. The clue is heading for a weekly decline of 0.6%.

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