Dollar holds gains as yen slips and bitcoin retreats

The dollar index steadied at 101.07 after hitting its highest level since 8 July, while crypto markets pulled back.

Staff Writer
US dollar bills on laptop with financial graph in background, symbolizing wealth and technology.
Image credit: Pexels

Article summary

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The US dollar held its recent gains, with the dollar index steadying at 101.07 after touching its highest level since 8 July. Bitcoin and ether both retreated, falling 0.6% and 1.1% respectively.

Key points

  • Dollar index steadies at 101.07 after Friday's gains
  • Bitcoin falls 0.6% to $63,770.42
  • Euro, sterling, and Antipodean currencies all slip 0.1%

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The US dollar strengthened against most major currencies, with the dollar index holding at 101.07 following a 0.2% rise at Friday’s close that pushed it to its highest point since 8 July. The index measures the greenback’s performance against a basket of six currencies.

The dollar added 0.1% against the Japanese yen, reaching 161.92. The euro slipped 0.1% to $1.1403, while sterling fell by the same margin to $1.3383. The Australian dollar and New Zealand dollar each declined 0.1%, trading at $0.6942 and $0.5757 respectively.

In crypto markets, bitcoin dropped 0.6% to $63,770.42, while ether fell 1.1% to $1,801.28.