Economic news

Dollar steady after advancing three consecutive months

The dollar was stable on Tuesday after three successive months of gains as traders awaited minutes of the U.S. Federal Reserve’s June meeting and employment figures that should affirm whether the regulator will increase interest rates twice in 2018.

Photo: Reuters

The dollar's index inched down 0.3 percent to 94.76. It has risen 5 percent over the last three months extending its year-to-date gains to almost 3 percent.

The euro ticked up 0.1 percent to $1.1652.

Sterling was up 0.1 percent at $1.3158.

The yuan slid to 6.7204 a dollar in early trading, its lowest level since August 2017, before bouncing back to 6.7035.

The Australian dollar recovered from a 1-1/2-year trough of $0.7311 touched overnight, rising to $0.7368.


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