Dollar Near One-Month High; Yen Hits Lowest Level Since July 2024

Dollars
Dollars

Dollar Stable Ahead of Key Global Economic Developments

Singapore: The US dollar hovered near a one-month high during Asian trading today, while the Japanese yen fell to its weakest level since July 2024, amid continued currency market volatility.

The US Dollar Index, which measures the greenback against a basket of six major currencies, remained steady at 99.154 points, after recovering from losses recorded earlier this week.

The Japanese yen declined by 0.2 percent to 159.45 per dollar, marking its lowest level in nearly a year and a half against the US currency.

Meanwhile, the euro traded flat at USD 1.1644, while the British pound rose 0.1 percent to USD 1.3442. The Australian dollar gained 0.2 percent to USD 0.6698, and the New Zealand dollar climbed 0.2 percent to USD 0.5746.

The dollar also remained stable against the Chinese yuan traded in Hong Kong, standing at CNY 6.9752, following the release of December trade data showing that China ended the year with a record trade surplus of approximately USD 1.2 trillion.

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