The dollar eased on Tuesday but remained near a three-year high against a basket...
TOKYO - The dollar eased on Tuesday but remained near a three-year high against a basket of currencies as investors sought the world’s main funding and settlement currency ahead of a sharp anticipated fall in cashflow.
The dollar index stood at 102.14, having dipped 0.3% on Monday but still not far from Friday’s peak of 102.99, its highest level since January 2017.The euro ticked up to $1.0752 after touching a near three-year low of $1.0636 in the previous session. The Fed announced unlimited quantitative easing and programmes to support credit markets on Monday in a drastic bid to backstop an economy reeling from emergency restrictions on commerce.
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