In the international financial market, fluctuations were observed in the exchange rates of major currencies against the US dollar, resulting in a slight increase in the dollar index. The dollar index, which measures the US dollar against six major currencies, rose by 0.14 percent to close at 98.99. This index reflects the strength or weakness of the US currency in the global financial market. By the close of the New York foreign exchange market, the euro depreciated against the dollar to 1.1652 from the previous 1.1672. The British pound also declined slightly against the dollar to 1.3339, while the Japanese yen weakened from 155.03 to 155.15. Conversely, the US dollar gained against the Swiss franc, with the exchange rate rising to 0.8032 from 0.7994. A modest increase in the dollar’s value was also seen against the Canadian dollar, closing at 1.3953. Similarly, the dollar strengthened against the Swedish krona, rising from 9.3744 to 9.4173. These fluctuations reflect various factors in the global economy, including US economic policies, international trade conditions, and central bank interventions. The strength of the US dollar is often seen as a sign of confidence among global investors, but volatility in the currency market can also pose risks for investment. Further changes in the currency market are expected in the near future, depending on global economic conditions and political developments.
Source: binance
