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18/03/2025 04:36 AST
The dollar hovered near a five-month low against major peers on Monday, bruised by President Donald Trump's erratic trade policies and soft economic data, at a time when other currencies, including the euro, benefit from domestic drivers.
The euro was last at $1.0905, up 0.2% on the day, and heading back towards the $1.0947 it hit last week, its highest since October 11.
The Japanese yen was also marginally stronger on the day at 148.48 per dollar, again after hitting its strongest in five months last week at 146.5 to the dollar.
That left the dollar index, which measures the US currency against its six major counterparts, at 103.5, just off its five-month trough of 103.21 reached last Tuesday, Reuters reported.
Currency markets have undergone a shift in recent months, as traders re-evaluate their initial expectations that Trump's economic policies would both support the dollar and cause other currencies to weaken.
In fact the reverse has happened, and analysts at Societe Generale said on Monday that they had changed their currency forecasts "to reflect Germany's planned fiscal changes, the US economy's self-inflicted (relative) fragility, and Japan's escape from deflation".
They see the euro at $1.13 by year-end and the yen at 139 per dollar.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
22/04/2025
The Indian rupee and other Asian currencies strengthened on Monday as the dollar remained under pressure, with the latest drag coming from US President Trump's criticism of Federal Reserve Chair Jero
Reuters
18/04/2025
The US dollar on Thursday lifted from a seven-month low against the yen, as US-Japan trade talks avoided the issue of foreign exchange, while it made small gains on other currencies ahead of the lon
ONA
18/04/2025
Already worn down by years of political turmoil and economic hardships, Libyans are now facing a sharp deterioration in their purchasing power after a sudden devaluation of the Libyan dinar.
AFP
18/04/2025
A few months ago, I was scrolling through TikTok when I came across a crypto creator from the Philippines. He said something that stopped me in my tracks: "I know you're trying to tell your friends a
Khaleej Times
10/04/2025
China's currency slumped to its lowest level against the US dollar in over a year and a half on Tuesday, after the central bank set a weaker-than-expected reference rate amid intensifying trade tensi
Times of Oman
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