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Alsharq Tribune
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Dollar Struggles to Hold Onto Modest Gains as Trade Talks with US Begin

Dollar Struggles to Hold Onto Modest Gains as Trade Talks with US Begin
12 0

Alsharq Tribune-AFP

 The US dollar struggled to hold onto modest gains on Wednesday, while the Swiss franc, euro, yen, and British pound all climbed to six-month highs, as market focus shifted toward trade agreements with the United States.

The euro rose 0.6% in Asian trading to $1.1346, pushing the dollar index below the 100 mark.

The Swiss franc also climbed about 1%, reaching 0.8184 against the dollar.

The yen rose by around 0.5% to 142.6 per dollar. The sterling saw a 0.25% increase in its latest trading, reaching $1.3266. The Canadian dollar held firm against the US dollar, trading at 1.3934, having risen 4% since the beginning of April.

 

Meanwhile, the New Zealand and Australian dollars slightly retreated from recent highs but maintained overall gains. The Australian dollar was trading at $0.6350, while the New Zealand dollar stood at $0.5917.

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