February 24, 2024

Reuters: Cairopost, News Desk

The dollar rose on Tuesday as investors tempered their expectations for a March rate cut from the Federal Reserve, while the pound and yen fell as inflationary pressures subsided.

Against a basket of currencies, the dollar rose 0.47%to 103.13, a one-month high. It gained 0.2% overnight in subdued trading during a U.S. public holiday on Monday.

The euro fell 0.54% to $1.0892, set for its steepest one-day percentage drop in two weeks.

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