The US dollar failed to sustain its bounce in the run up to a key US inflation reading at the end of the week.In the broader market, the dollar was struggling to find a floor, after having risen 0.48% in the previous session.The dollar index was last 0.07% lower at 100.94.Still, the kiwi was a notable outperformer in the Asian session, scaling an eight-month top $0.6295. The Reserve Bank of New Zealand had earlier this month delivered its first rate cut in over four years and signalled more to come.The euro inched back toward its 13-month high and last bought $1.1135. Sterling rose 0.14% to $1.3209. The Australian dollar hovered near an eight-month top, gaining 0.27% to $0.6803.The yen was little changed at 144.67 per dollar and was eyeing a 3.7% gain for the month.Source: Qatar News Agency
Home » Dollar Struggles to Stay Afloat Ahead of US Inflation Test
Dollar Struggles to Stay Afloat Ahead of US Inflation Test
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