[Wed, 17 Jul 2024 17:20:48 +0300]

SINGAPORE July 17. 2024 (Saba) - The US dollar fell on Wednesday, after a slight recovery, amid traders' focus on the possibility of the Federal Reserve (the US central bank) cutting interest rates by next September.

According to Reuters, the dollar index, which measures the performance of the US currency against a basket of six major currencies, fell to 104.19, while the euro rose 0.06 percent to $1.0906, the Australian dollar rose 0.1 percent to $0.6740, and the New Zealand dollar rose 0.35 percent to $0.6071.

While the British pound was little changed at $1.2972, ahead of UK inflation data due later today, the yen stabilized in the latest trading at 158.34 per dollar.

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