Money and business

The dollar is near its lowest weekly levels amid mixed performance of cryptocurrencies

Capitals, June 13 / WAM / The dollar stabilized during Friday’s trading, but was still heading towards recording a weekly loss, as markets awaited global geopolitical and economic developments.

The euro settled at $1.15725, near its highest level in a week, supported by the European Central Bank’s decision to raise interest rates for the first time in three years.

The dollar also rose by 0.18 percent against the Japanese yen to 160.225 yen, while the British pound settled at $1.34145.

The dollar index, which measures the performance of the US currency against a basket of major currencies, remained stable at 99.75 points after falling to its lowest level in a week during the previous session.

In the cryptocurrency market, Bitcoin rose 0.4 percent to $63,595, while Ethereum fell 0.29 percent to $1,666.

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