Cheap comforters set in the US and around the world: US dollar exchange rate
The US dollar has been surging in recent days as global markets recover from a weak start to the week.
But it has fallen against other currencies as concerns about the US Federal Reserve’s interest rate increase in December have weakened the country’s growth prospects.
On Monday, US Treasury Secretary Steven Mnuchin told investors in a conference call that the US will not start the next fiscal year with an increase in its short-term interest rate.
The dollar fell 0.3 per cent to 93.80 per dollar, while the euro fell 1.4 per cent against the dollar to $1.3769.
In Japan, the yen rose 1.3 percent to 102.28 yen, while it traded at $1,238.46 in Hong Kong, according to Bloomberg.
Australia’s dollar also rose 1 per cent, to $US0.9726, while Singapore’s rose 1 cent, or $US1.04.
The euro has dropped by 0.6 per cent this week against the Japanese yen to $0.8331, while gold dropped 0.2 per cent and platinum by 0 and 0.8 per cent respectively.
US stock markets rose on Monday, while commodity markets were down.