The dollar holds its gains near its highest levels against major currencies.
The U.S. dollar retained its gains on Thursday, remaining close to its highest levels against a basket of major currencies, buoyed by positive momentum in the American currency.
Dollar Stability Against the Euro and Swiss Franc
The exchange rate for the dollar stabilized at 1.1685 USD per euro, having increased by 0.3% in the previous session.
Against the Swiss franc, it held steady at 0.7953 CHF, after a significant rise of 0.7% last night.
Australian Dollar and Yen Reach Record Levels
The Australian dollar rose by 0.4%, reaching 0.6791 USD, its highest level since October 2024.
Additionally, the U.S. dollar achieved its highest level against the Japanese yen since July 2024, at 107.52 yen.
Japanese Yen Remains Weak Against Major Currencies
The Japanese yen remained relatively stable against major currencies during Asian trading, setting at 184.83 yen per euro, close to its historical low reached last week at 185.56 yen.
It also held at 158.31 yen per dollar, near its lowest level in 18 months, recorded at 159.45 yen last week.
Dollar Strength Stifles Other Currencies
This performance reflects the continued strength of the dollar, supported by market expectations regarding U.S. monetary policy, thereby exerting pressure on several major currencies in global markets.
