Forex
The dollar appreciated against the euro and the yen ahead of the release of U.S. data
According to trading data, on Monday evening, the dollar rose against the euro and the yen in anticipation of the minutes from the May meeting of the U.S. Federal Reserve (Fed) and the country’s GDP data.
The euro-dollar exchange rate declined from $1.0808 to $1.0804, while the dollar-yen exchange rate increased from 137.99 yen to 138.53 yen. The dollar index, which measures the exchange rate against a basket of currencies from six U.S. trading partners, rose 0.04% to 103.24 points.
Currency investors are eagerly awaiting the release of the minutes from the U.S. Federal Reserve’s May meeting, which took place after the central bank raised the discount rate by 25 basis points to 5-5.25% per annum.
On Thursday, the second estimate of U.S. GDP growth for the first quarter will be published. Analysts anticipate that the U.S. The Treasury will maintain its estimate of 1.1% year-on-year growth for the country’s economy.
Earlier we reported that the euro’s share of global settlements fell to a three-year low of 31.74%.
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