On Friday, the dollar remained steady near a one-week high against major currencies, poised to end a five-week losing streak following strong economic data that led investors to reduce expectations of substantial Federal Reserve interest rate cuts.
The Chinese yuan strengthened to its highest level since June 2023, while the euro saw minimal change as inflation data affirmed national readings from Thursday, indicating that inflationary pressures in the eurozone are rapidly diminishing.
Comments
Post a Comment