PT Solid Gold Berjangka | Dollar Firms Near 3-Month High as Rate Cut Bets Dwindle

02:10 06 February in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

DOLLAR Currency Yen Aussie PT SGB Solid Gold Berjangka SG Berjangka Solid Group

Solid Gold Berjangka | The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year.

The dollar index , which measures the U.S. currency against six rivals, was at 104.42, having touched 104.60 on Monday, its highest since Nov. 14. The index is up 3% for the year so far after dropping 2% in 2023.

Data on Monday showed U.S. services sector growth picked up in January as new orders increased and employment rebounded, indicating a strong start to the year for the economy and comes after a blowout jobs report last week.

The Australian dollar was little changed at $0.64835 ahead of the decision, loitering around its lowest since Nov. 17.

In other currencies, the euro was up 0.02% at $1.0743, while sterling last fetched $1.254, up 0.06% on the day but remained close to the seven-week low it hit on Monday.

The Japanese yen strengthened 0.07% to 148.56 per dollar, hovering around a two-month low of 148.90 it touched on Monday.

Source : Reuters