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Business / World Business

Dollar inches higher after recent losses

Published: 25 Apr 2023 - 08:44 am | Last Updated: 25 Apr 2023 - 08:45 am
Four thousand US dollars at a bank in Westminster, Colorado.

Four thousand US dollars at a bank in Westminster, Colorado.

QNA

London: The dollar inched higher yesterday, stabilizing after recent losses ahead of a week containing a closely-watched Bank of Japan meeting and the last few data releases before the US Federal Reserve System (US Central Bank) and European Central Bank rate decisions in early May.

Moves were fairly muted with the Sterling Pound down 0.2 percent to $1.2420 and the euro down 0.1 percent at $1.09775.  Neither currency having been able to hold respective multi-month highs above $1.25 and $1.10 reached in mid April.The dollar edged up 0.1 percent against the Japanese currency to 134.2 yen per dollar, with the dollar index up 0.12 percent at 101.8.