Washington – Saba:
The US dollar rose slightly against the euro and yen on Tuesday, but remained close to the low it hit last Friday, as weak US jobs data strengthened expectations of a Federal Reserve interest rate cut, triggering a sharp selloff in the greenback.
The US Dollar Index, which measures the dollar’s performance against six major currencies, rose by approximately 0.24 percent to reach 98.816 points, after touching a one-week low earlier in the session at 98.609 points.
The euro declined by 0.12 percent in the latest trading to $1.15592, after hitting $1.15855 last Friday.
The Japanese yen also slipped 0.14 percent to 147.3 against the dollar, while the Swiss franc extended its losses for the second consecutive session, falling 0.1 percent to 0.8089 per dollar, after dropping 0.5 percent in the previous session.
The Australian dollar edged down 0.05 percent to $0.6464, while the New Zealand dollar fell 0.1 percent to $0.5898.
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