U.S. Dollar Giving Back Ground Following Recent Strength
18 April 2024 - 2:27AM
RTTF2
After trending higher over the past several days, the value of
the U.S. dollar has given back ground during trading on
Wednesday.
The U.S. dollar index has dipped 0.31 points or 0.3 percent to
105.95, giving back ground after reaching its highest levels in
over five months.
Currently, the greenback is trading at 154.35 yen compared to
the 154.72 yen it fetched at the close of New York trading on
Tuesday. Against the euro, the dollar is trading at $1.0672
compared to yesterday's $1.0619.
The pullback by the dollar may partly reflect optimism Israel
will show restraint in its response to Iran's recent missile
attack, reducing the currency's safe haven appeal.
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