Dollar Steadies Near One-Month High as Yen Slides to Lowest Level Since July 2024
The U.S. dollar steadied near a one-month high in global markets, while the Japanese yen fell to its weakest level since July 2024, reflecting diverging currency movements.
The dollar index, which tracks the greenback against a basket of six major currencies, held steady at 99.154, after recovering losses recorded earlier this week.
The yen weakened by 0.2% to 159.45 per dollar, marking its lowest level in about a year and a half and its weakest against the U.S. currency since July 2024.
In Europe, the euro was little changed at $1.1644, while the British pound rose 0.1% in latest trading to $1.3442.
Meanwhile, the Australian dollar climbed 0.2% to $0.6698, and the New Zealand dollar also gained 0.2% to $0.5746.
In Asian trading, the dollar was steady against the offshore Chinese yuan at 6.9752, following the release of December trade data showing that Asia’s largest economy ended the year with a record trade surplus of around $1.2 trillion.
