Economic news

Dollar firm versus major counterparts

The dollar rose slightly on Monday after last week’s sharp drop and managed to stay above a three-year trough versus a basket of major currencies.

Photo: Reuters

The dollar index .DXY was stable at 89.045 following its modest rebound on Friday from 88.253, its lowest level since December 2014.

The greenback was firm at 106.330 yen after dipping on Friday to 105.545, its nadir since November 2016.

The euro was virtually unchanged at $1.2423. The single currency jumped to a three-year peak of $1.2556 on Friday before falling to post a decline of 0.7 percent.

Sterling traded at $1.4045 after sliding 0.5 percent on Friday.

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