Economic news

Dollar pulls back as global stocks become stable

The dollar slipped on Tuesday as global equities extended recovery after their last week’s sharp fall, fueling risk appetite.

Photo: Reuters

The dollar’s index traded at 90.1392, having slumped 0.26 percent in the previous session and moving away from Thursday’s half-month peak of 90.569.

The euro was steady at $1.2290, jumping from last week’s trough of $1.2206, though it was still more than two cents below its 3-year top of $1.2538 touched on Jan. 25

Sterling inched up to $1.3846 from Friday’s trough of $1.3764.

The Japanese yen gained 0.3 percent to 108.30 a dollar.

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