The U.S. dollar continued Friday on track to record its best weekly performance in over a month, while the Japanese yen fell to levels near a ten-month low, though it received some support from Japanese officials intervening to stem the currency’s decline.
اضافة اعلان
The yen rose slightly against the dollar by 0.2% to 157.12 yen per dollar, but remained close to its ten-month low of 157.90 yen recorded Thursday, implying an expected weekly loss of around 1.6%, according to CNN.
In broader markets, the dollar maintained weekly gains as investor expectations for potential Federal Reserve interest rate cuts next month diminished.
The Dollar Index, which measures the U.S. currency against a basket of other major currencies, climbed to 100.07, marking its strongest weekly performance in over a month, with anticipated gains exceeding 0.8%.
The yen fell against the euro to 181.33, while the British pound rose to 205.71 yen, reaching its highest level in 16 months.
The euro traded higher against the dollar at 1.1542, yet was on track for a 0.7% weekly loss, while the pound rose to 1.3096 but was set for a 0.8% weekly decline as investors awaited the upcoming UK budget.
The Australian dollar reached 0.6453 USD, up 0.2% after a 0.6% drop, and the New Zealand dollar climbed to 0.5602 USD, up 0.36% after a 0.4% decline Thursday, both on track for weekly losses exceeding 1%.
In the cryptocurrency market, Bitcoin fell to its lowest level in seven months at $85,350.75, while Ethereum dropped over 2% to $2,777.39, marking a four-month low.
