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The greenback moved close to 5 month peak, the pound plunge on wage figures

By Rana Gharib
16 Apr,2024
The greenback moved close to 5 month peak, the pound plunge on wage figures

The appetite on greenback lingered high on Tuesday, rising to five-onth peak, while the pound plunged on wage figures

The dollar index that gauges the greenback advanced by 0.1% at 106.125, just lower than the 106.39 level witnessed previously on Tuesday, marking it a peak not since last November.

The greenback has been buoyed by low-risk demand amid the escalated geopolitical disruptions in the Middle East, as traders anticipate on edged Israel’s response on the Iranian attack during the weekend on concerns over spiked tensions.

EUR/USD slipped by 0.1% to 1.615, close to its trough since November the previous year, lingering to slip following ECB’s clues for interest rate trim in June.

GBP/USD plunged to 1.2438, with the pound trading close to five-month dip following the release of the British wages for February that advanced by 6.0% in three months.

USD/JPY ticked up by 0.2% to 154.55, ticking up to fresh 34- year peak topping 154.

 

 

 

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