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The greenback gave up gains on Israel's attack

19 Apr,2024
The greenback gave up gains on Israel's attack

The dollar index that gauges the greenback versus its major pairs edged down by 0.1% at 105.870, having ticked up previously 106.190, just a bit lower than the five-month high of 106.51 witnessed in the past week.

The greenback gave up some gains on Friday in chubby trade, as traders grasped Israel’s attack on Iran and the consequences on risk appetite.

The greenback spiked on Friday after Israel's retaliation on Iran that spurred geopolitical tensions, just few days following Iran’s strike on Israel.

EUR/USD advanced by 0.1% to 1.0648, after German producer prices dipped lower than projected in March, dipping by 2.9%, compared with predictions of 3.2% drop.

GBP/USD advanced 0.1% higher to 1.2445, trading over five-month dips regardless of British Sales that slowed in March.

USD/JPY dipped down 0.1% at 154.47, with the safe-haven yen buoyed by the escalated disruptions in the Middle East.

 

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