The dollar rose slightly and settled near the highest level in six weeks on Thursday, as traders awaited US GDP data and other data this week, while the euro fell, last trading at $1.0877 ahead of the European Central Bank’s monetary policy meeting later today.
The dollar index, which measures the performance of the US currency against six other currencies, rose 0.06% to 103.35, and the yuan also stabilized after the Chinese Central Bank announced yesterday a significant reduction in reserves.
The yuan rose in foreign transactions by 0.09% to reach 7.1670 to the dollar, and the yuan opened in spot transactions at 7.1607 to the dollar and is trading near 7.1620, while the yen lost some of its gains and fell 0.18% to reach 147.77 to the dollar.