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Foreign exchange market: the dollar close to its lowest levels in two months

05/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On Wednesday, the dollar remained close to its lowest levels in two months. Weak economic data reinforces the idea that the Federal Reserve is nearing the end of its monetary tightening cycle.

Data released overnight from Tuesday to Wednesday show that job vacancies in the United States fell to their lowest level in nearly two years in February. A'index près avoir baissé de 0,5% dans la nuit, l style="font-family: "Bookman Old Style”, "serif">of the Dollar Index, which measures the currency against six other currencies, fell to 101.43, its lowest level since two months.

Par ailleurs, l' euro was up 0.12% to $1.0965, hovering near the two-month highs it hit on Tuesday. Kiwi rose 0.08% to $0.632 before the Reserve Bank of New Zealand's decision later in the day. While the pound was trading at $1,2509, up 0.08% on the day, just short of the ten-month high it reached on Tuesday.

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