The euro fell 0.13 percent to $1.0922 and stabilized sterling But it fell 0.2 percent during trading. The dollar rose 0.13 percent against the Japanese yen to 149.2750.
The dollar index came slightly above 103 and near last week’s peak, its highest levels since mid-August, against the backdrop of traders reducing their bets on more massive interest rate cuts by the US Federal Reserve this year.
The Chinese yuan fell 0.2 percent against the dollar, while the Australian dollar fell 0.16 percent to 0.67385 US dollars.
She said China On Saturday, it said it would “significantly” increase government debt issuance to provide support to low-income people, support the real estate market and replenish the capital of state banks as it seeks to revive faltering economic growth.
Without providing details on the size of the fiscal stimulus being prepared, Finance Minister Lan Vu Anh said at a press conference that there would be more “counter-cyclical measures” this year.
And it went down Chinese yuan In the local market, 0.7 percent against the dollar since September 24, when the People’s Bank of China launched the strongest Chinese stimulus measures since the pandemic.
Currency movements in major markets were tepid last week. The yen and euro fell by about 0.3 percent each, the British pound fell by 0.4 percent, and the dollar index rose by 0.4 percent.
US data published last week, which showed a rise in consumer prices slightly higher than expected, as well as an increase in weekly unemployment claims, led to maintaining expectations that the US Central Bank would cut interest rates by 25 basis points in November and December.
Markets are awaiting Thursday’s US retail sales and unemployment claims data and the European Central Bank’s monetary policy review meeting.
The New Zealand dollar fell 0.15 percent to $0.61, after falling 0.8 percent last week after the central bank cut interest rates by half a point and hinted at more cuts to come.
