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Dollar Hits Lows amid Central Bank Independence ConcernsSingapore, 26 Jun (ONA) —- The US dollar today eased to a three-and-a-half-year low against the euro as concerns about the future independence of the US Federal Reserve (central bank) undermined faith in the soundness of the country’s monetary policy.
The dollar index sank to its lowest since early 2022 at 97.491 points.
The dollar slipped across the board as the euro gained 0.2% to reach $1.1687, its highest since October 2021.
Sterling rose 0.2% to $1.3690, its highest since January 2022, while the dollar was at its lowest against the Swiss francs since 2011 at 0.8033.
The franc also struck a record peak on the yen around 180.55.
The dollar dipped 0.2% on the yen to 144.89.—- Ends/Khalid
