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Currency: the dollar plunges

06/02/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The dollar extended its rally on Monday after a solid U.S. employment report suggested that the Federal Reserve could remain hawkish longer.

The US currency touched a nearly 4-week high at 103.22 and was most recently at 103.18, while the dollar surged forward and extended its rally on Monday. While the pound was trading at $1.203, down 0.17% on the day, its lowest level since January 6, the euro was down 0.09% to $1,0783. The kiwi was down 0.33% to $0.6310, then the Australian dollar fell 0.14% to $0.6912.

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