Dollar Rebounds From Four-year Low

Dollar Rebounds From Four-year Low New York, 28 Jan (ONA) – The US dollar has risen against a basket of major currencies, recovering from a four-year low reached in the previous session, after the US Treasury reaffirmed Washington’s commitment to a strong-dollar policy. The dollar index, which measures the US currency against six major peers, rose by 0.5% to 96.391. The index had fallen to 95.86 on Tuesday, its lowest level since February 2022. Despite the rebound, the dollar index is down nearly 2% so far this year, following a 9.4% fall in 2025. Elsewhere, the euro climbed above $1.20 on Tuesday for the first time since 2021, while sterling reached its highest level in four and a half years. The Japanese yen is also on course for its strongest monthly performance against the dollar since April.—Ends/AG