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Dollar Drops as Optimism Over US Trade Deals GrowsSingapore, 30 Jun (ONA) — The US dollar today wallowed near its lowest level in nearly four years against the euro as market optimism over US trade deals bolstered bets for earlier Federal Reserve interest rate cuts.
The dollar index – which measures the US currency against six major counterparts, including the euro, sterling and franc – edged up 0.1% to 97.276.
The euro was slightly weaker at $1.1716, just off the highest level since September 2021 reached on Friday at $1.1754.
Sterling was little changed at $1.3709, hovering close to Thursday’s peak of $1.37701, a level not previously seen since October 2021.
The dollar was steady at 0.7988 Swiss franc, after dipping to 0.7955.
The US currency was flat at 144.58 yen.
The risk-sensitive Australian dollar ticked up slightly to $0.6537.— Ends/Khalid
