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Dollar Near Three-Year Peak Amid Mad Cash Scramble


Tuesday, 24 March 2020 08:41 WIB

Yen EuroDolar ASPoundsterling


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The dollar eased on Tuesday but remained near a three-year high against a basket of currencies as investors sought the world's main funding and settlement currency ahead of a sharp anticipated fall in cashflow.

Market reaction was mixed to the U.S. Federal Reserve's extraordinary array of programs, its third emergency move this month.

The dollar index stood at 102.14, having dipped 0.3% on Monday but still not far from Friday's peak of 102.99, its highest level since January 2017.

Against the yen, the dollar traded at 110.95 yen , having hit a one-month high of 111.59.

The euro ticked up to $1.0752 after touching a near three-year low of $1.0636 in the previous session.

The British pound stood at $1.1548 , up 0.3% in early trade though it remained near its 35-year low of $1.1413 set last week.

Source : Reuterrs


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