Dollar Recovers Earlier Losses, Posts Slight Gains
UrduPoint / Pakistan Point News / WAM – 21st Aug, 2026
The US Dollar recovered earlier losses and posted modest gains on Thursday as traders assessed the impact of recent efforts by the US Treasury Department to curb long-term Treasury yields.
Global Currency Market Updates:
- Dollar Index: Rose 0.06% to 98.89 points.
- Euro: Dipped 0.01% to $1.1676. Previously reached a high of $1.171 on May 14th.
- Japanese Yen: Fell 0.6% per dollar.
- Pound Sterling: Increased 0.18% to $1.3629, reaching a peak of $1.3659 since February 16th.
Cryptocurrency Market:
- Bitcoin: Jumped 5% to $72,524.54, the highest since June 1st.
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