The greenback strengthens a third day
The greenback strengthened for a third day – up 0.40% to 93.12. The euro, in contrast, marked a third session of losses, weakening 0.49% to USD1.1864; the pound declined 0.07% to USD1.3547.
Meanwhile, the yen weakened 0.04% to 109.13 per dollar – reversing course from four consecutive days of gains.
Elsewhere, Argentina’s peso pared losses – closing down 2.43% to 22.4800 per dollar, after sinking as much as 5.95% – after the government was said to be in talks with the International Monetary Fund for a USD30b flexible credit line to help defend the currency after it dropped to a record.
Indonesia’s rupiah sank to its weakest since 2015, down 0.38% to 14,052 against the dollar, amid growing concern over disappointing economic growth.
Turkey’s lira hit another low; it dropped a further 1.51% to 4.3327 per dollar. – Bloomberg News.
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