Dollar Struggles to Hold onto Modest Gains as Trade Talks with US BeginSingapore, 16 Apr (ONA) — The US dollar today struggled to hold onto
modest gains, while the Swiss franc, euro, yen, and
British pound all climbed to six-month highs, as market focus shifted
toward trade agreements with the United States.
The euro rose 0.6% in Asian trading to $1.1346, pushing the
dollar index below the 100 mark.
The Swiss franc also climbed about 1%, reaching 0.8184 against
the dollar.
The yen rose by around 0.5% to 142.6 per dollar. The sterling
saw a 0.25% increase in its latest trading, reaching $1.3266. The
Canadian dollar held firm against the US dollar, trading at 1.3934,
having risen 4% since the beginning of April.
Meanwhile, the New Zealand and Australian dollars slightly
retreated from recent highs but maintained overall gains. The
Australian dollar was trading at $0.6350, while the New Zealand
dollar stood at $0.5917.— Ends/Khalid
