Dollar Struggles for Traction Against Major Peers
UrduPoint reports that the US dollar is facing challenges in maintaining its gains against major currencies on Tuesday. Here are the key highlights:
Euro, Sterling, Canadian Dollar, Yen, and Dollar Index
- The euro is slightly higher at $1.1668, nearing a three-month peak.
- Sterling is 0.1% stronger at $1.3639, close to its six-month high.
- The Canadian dollar holds steady at $1.3844 after a previous dip of 0.6%.
- The Japanese yen strengthens to 159.21 per dollar, reversing most of its recent intervention gains.
- The dollar index (DXY), which tracks the US dollar against six major peers, is down marginally at 98.96 in Asian trading.
Cryptocurrency Market
- Bitcoin is up 1% at $78,817.34, marking its largest weekly gain in nearly 3.5 years.
Regional and Global News
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