Amman, Jan. 14 (Petra) – The U.S. dollar edged closer to its highest level in over two years on Tuesday as traders scaled back expectations of U.S. interest rate cuts in 2025 following robust economic data.
According to Bloomberg News, the Dollar Index, which measures the greenback’s performance against six major currencies, rose by 0.16% to 109.59.
The euro remained steady at $1.02545, hovering near its lowest point in over two years of $1.0177, touched on Monday. The offshore Chinese yuan last traded at 7.3472 against the dollar.
The British pound was trading at $1.2211 in early transactions after hitting $1.21 on Monday, its lowest level since November.
The Japanese yen held steady at 157.55 per dollar, staying above its six-month low reached last week.
//Petra// AF
14/01/2025 23:27:37
