New York: American dollars strengthened against most major currencies at the end of Monday’s trade (Tuesday morning WIB), after falling sharply over the past week. The US dollar strengthened as investors favor riskier currencies following signs US inflation begins to cool.
Launch BetweenTuesday, November 15, 2022, the dollar index which measures greenbacks against six other major currencies, it rose 0.34% to 106.6590.
At the close of trading in New York, the euro fell to US$1.0354 from US$1.0366 in the previous session, and the pound fell to US$1.1779 from US$1.1854 at the previous session.
The US Dollar bought 139.88 Japanese Yen, higher from 138.53 Japanese Yen in the previous session. The US dollar fell from 0.9412 Swiss francs to 0.9415 Swiss francs and from 1.3248 Canadian dollars to 1.3286 Canadian dollars. The US dollar fell from 10.3512 Swedish kronor to 10.4512 Swedish kroner.
Last week, the U.S. dollar suffered a major setback, with the dollar index falling more than 4.0%, as a weaker-than-expected U.S. inflation report raised hopes for a less aggressive rate hike of Federal Reserve (Fed).
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