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Dollar
Steadies After Robust Gains Last Week
Washington,
21 Sep 2026 (ONA) — The US dollar index steadied today after posting gains
exceeding 1 percent last week. The index, which measures the performance of the
American currency against six major currencies, had rallied following the
Federal Reserve’s interest rate hike. The central bank has signalled the
likelihood of further increases.
The
Japanese yen edged up to 156.64 against the dollar after tumbling 2 percent
last week, as the Bank of Japan had raised interest rates last Friday to their
highest level in 31 years at 1.25 percent.
The
euro was virtually unchanged, standing at $1.1482, while sterling registered
$1.339 in early trading.
The
Australian dollar reached $0.7129, while the New Zealand dollar stood at
$0.5721.
—
Ends/Khalid
