
The dollar index dropped by 0.1 percent to 97.461, compared to 97.48 in the US session. The index is headed for an increase of 0.2% this week.
However, the dollar's growth continued against the yen after the Japanese central bank decided to keep its stimulus policy on Friday. By voting 7 against 2, the bank continued to maintain negative interest rates of 0.1%. The dollar rose to a trading level of 111.40 yen. For comparison, on Thursday, the currency pair traded about one yen down.
The Japanese bank said it expects the Japanese economy to continue its recovery, backed by a policy of mild monetary policy.
No comments:
Post a Comment