19 September 2022

Dollar off 20-Year Peak

International and Arabic
  • US

Singapore, September 19 (QNA) - The dollar held about 1 percent below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day.
The dollar index, which measures the currency against six counterparts, was 0.09 percent stronger than Friday at 109.66, consolidating after a volatile couple of weeks that took it as high as 110.79 on Sept. 7 for the first time since mid-2002, only to see it retreat to 107.67 six days later.
The dollar was little changed at 142.905 yen, calming down after its surge to a 24-year high of 144.99 earlier this month.
Sterling was flat at $1.1426, after hitting a 37-year trough of $1.1351 on Friday.
The euro was little changed at $1.00075, continuing a week of consolidation following a swing between a two-decade trough of $0.9864 on Sept. 6 and a nearly one-month high at $1.0198 a week ago. (QNA)


Economy, International
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