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Dollar Nearly Unchanged for the Day

M. Ali 6 August, 2021 2:38 am Forex Market, Market Update

The U.S. Dollar (USD) finished Thursday nearly unchanged after fluctuations earlier in the session, following hawkish comments from the Federal Reserve.

Recent remarks by Fed Governor Christopher Waller and Vice Chairman Richard Clarida suggested that the central bank could begin scaling back the accommodative policies and move to normalization in some time.

The Dollar Index (DXY), which measures the greenback against a basket of six major international currencies, settled near 92.273, after moving in a range between 92.115 and 92.351, and after finishing the prior session near 92.27 and opening at 92.2740.

The USD added 0.03% against the Euro (EUR), with the EUR/USD pair reaching 1.1835, and 0.27% against the Japanese Yen (JPY) but lost 0.27% to the Sterling Pound (GBP) that reached 1.3928.

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