Money and business

The dollar regains some of the recent losses

The fluctuation of the dollar exchange rate, today, Thursday, within a turbulent week, witnessed the transformation of investors after the truce of the customs duties between the United States and China into a state of caution raised by fog about the form of different commercial agreements, while the South Korean Won stabilized after sharp moves.

The dollar has regained some of the losses that it witnessed recently against the euro, the pound sterling and the yen, but it decreased against most of the emerging market currencies.

The dollar index, which measures the performance of the US currency against six other currencies, settled at 101, and is heading to record gains for the fourth week in a row.

The South Korean currency witnessed the fluctuations of last night, amid investors’ evaluation of reports that officials from South Korea and the United States met last week to discuss the dollar exchange rate against the color.

The price of Won in the latest transactions reached 1410.70 against the dollar.

The Mexican Bezo reached 19.38 against the dollar to hover near the highest level in the seven months he scored in the previous session.

The Japanese yen rose slightly to 146.48 against the dollar, but he remained close to his lowest level in a month at 148.65, which he touched earlier this week.

Investors will focus today, Thursday, on retail sales data, while they are waiting for more details about possible commercial agreements after reducing tension between the United States and China.

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