Dollar slips as U.S. economic data set looms

Amman, Jan. 6 (Petra) – The U.S. dollar slightly declined on Monday but remained near its highest level in two years, as traders awaited a series of U.S. economic data this week to clarify the course of the Federal Reserve’s monetary policy.

According to Bloomberg, the U.S. dollar index, which measures the dollar against six other currencies, edged down to 108.89 points in early trading.

The euro saw little change, remaining at 1.0310 dollars, while the British pound rose by 0.13% to 1.2440 dollars. The Japanese yen fell by 0.24% to 157.66 yen per dollar.

The Chinese yuan dropped to its lowest level in 16 months, reaching 7.3289 yuan per dollar in the domestic market, while the yuan in the offshore market decreased by 0.06% to 7.3558 yuan per dollar. The Australian dollar was recorded at 0.6227 U.S. dollars, while the New Zealand dollar rose by 0.22% to 0.56245 U.S. dollars.

//Petra// AF
06/01/2025 23:34:55