Wednesday, 17 July 2019
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Dollar Under Pressure as Investors Weigh Recent Stock Rebound
Tuesday, 13 February 2018 19:43 WIB | PRECIOUS METALS |GOLDEMAS

The dollar softened against its major rivals early Tuesday, notably against the Japanese yen, as appetite for assets perceived as risky appeared to weaken somewhat, a day after global stocks showed signs of recovering following a bruising week for equities.

Extending earlier losses, the ICE U.S. Dollar Index which measures the currency against six main rivals, fell 0.5% to 89.724. The index saw its best weekly gain since December 2016 last week, as U.S. equities suffered their worst weekly pullback since that same year. The broader WSJ U.S. Dollar Index fell 0.5% on Tuesday to 83.65.

The dollar declined sharply against the Japanese yen. One dollar bought ¥107.54 versus ¥108.65 late Monday. The greenback also dropped against the Swiss franc falling to 0.9331 against 0.9394 late Monday in New York.

Source : Market Watch

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