US Dollar Nears 3-Year Low

Singapore, April 22 (QNA) – The dollar languished near its lowest level in three years on Tuesday.

The dollar sagged close to the decade-low reached the previous day against the Swiss franc, and edged back towards a 3-1/2-year trough versus the euro.

The US dollar index measure against six major peers stood at 98.454, after sinking as low as 97.923 in the previous session, a level not seen since March 2022.

The dollar was steady at 0.8095 Swiss franc, not far from the decade-low 0.8042 reached in the previous session.

The US currency bought 140.99 yen, hovering close to Monday”s seven-month low at 140.48.

The euro was little changed at $1.1502.

Sterling was stable at $1.3376 after surging as high as $1.3421 for the first time since September to start the week.

Even the risk-sensitive Australian dollar climbed to a four-month peak of $0.6436 on Monday, and remained close to that level in the latest session, changing hands at $0.6414. (QNA)

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