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Currency: The dollar closes, the euro and the yen fall

15/03/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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At the end of the week, the dollar stayed firm and should end a three-week losing streak. The euro is down, while the Japanese yen was a bit weaker.

Data released on Thursday mentions that the American producer price index for final demand rose by 0.6% in February, above the 0.3% rise expected by economists. The dollar index, which measures the U.S. currency against six rivals, was up 0.058% at 103.44, after rising by 0.55%. The index is on track for a rise of 0.7% for the week, its first week of gains out of four

.

The euro was down 0.04% at $1.0877, while the British pound was down 0.10% at $1.2738.

The Japanese yen was a bit weaker at 148.49 per dollar and is on track for a weekly drop of nearly 1%, its biggest weekly drop since January, as uncertainty over the Bank of Japan's policy decision prevents traders from doing so on the edge.

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