TOKYO September 3. 2024 (Saba) - The dollar stabilized near a two-week high against the yen and the euro on Tuesday, as investors awaited a series of US economic data that will influence the size of the expected interest rate cut.
Media reports today indicated that the dollar index, which measures the performance of the US currency against six major currencies, fell to 101.69 in early trading, slightly below the two-week high of 101.79 it reached yesterday.
The euro was last trading at $1.1060, not far from the two-week low of $1.1042 it touched in the previous session.
The yen fell to $147.10 in early trading, which is close to the two-week low of 147.16 it recorded yesterday.
The pound was down slightly at $1.31425, while the Australian dollar was down 0.14 percent at $0.6782.
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