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The US dolloar wobbled before the unconvering of the rate hikes this week

30 Jan,2023
The US dolloar wobbled before the unconvering of the rate hikes this week

The greenback steadied close to its lowest level in 8 months before the uncover of the rate hikes from the central banks' sides that are scheduled to release this week.

The dollar index that gauges the greenback versus its major pairs muted at 101.88 near to the previously touched lowest level in eight months at 101.50.

On the other hand, EUR/USD edged up 0.14% at 1.0885 buoyed by the Spanish consumer prices that rose by 5.8% for this month, a bit higher than the previous released figures for the previous month at 5.7%, marking it the first advance in 5 months.

USD/JPY dipped by 0.2% at $130.17 following BOJ's report that bank shall pursue with its loosened policy.

The euro is gearing towards achieving 1.6% gains for the month, shored up by the aggressive stance of ECB and the soothed worries of a possible slowdown in the European economy.

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