At 9:25 a.m., the DXY index, which measures the performance of the dollar against a basket of six strong currencies, rose 0.14% to 98.49 points. The US exchange rate gained 0.12% against the Swiss franc, which has gained ground against the currency in recent days, following the Swiss central bank’s more conservative tone in the latest monetary policy decision.
The dollar also rose 0.30% against the yen, recovering some of the losses seen in recent days, while the euro lost 0.16% and the pound sterling lost 0.17% against the US exchange rate. The central banks of all these countries will decide next week on the direction of their monetary policy.
About The Author
