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Dollar Steadies as Yen Falls to 18-Month Low

Economy

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Singapore, January 14 (QNA) - The US dollar held near a one-month high, while the Japanese yen fell to its lowest level since July 2024 at 159.45 per dollar.

The Dollar Index, which measures the performance of the US currency against six currencies, was steady at 99.154 points after recovering losses it suffered last Monday.

The yen fell to its lowest level in a year and a half, down 0.2 percent to 159.45 against the dollar, its weakest level versus the US currency since July 2024.

Meanwhile, the euro was steady at USD 1.1644, while the British pound rose 0.1 percent in the latest trading to USD 1.3442. The Australian dollar rose 0.2 percent in the latest trading to $0.6698, while the New Zealand dollar climbed 0.2 percent to $0.5746.

The dollar was steady against the Chinese yuan traded in Hong Kong, recording CNY 6.9752, after the release of December trade data showing that Asia’s largest economy ended the year with a record surplus of about USD 1.2 trillion. (QNA)

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