Greenback at four-week low, rouble tumbles

Business | 15 Apr 2021 4:31 pm

The U.S. dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled back from last month's surge, with investors increasingly convinced the Federal Reserve will keep interest rates low for some time, Reuters reports.

The Russian rouble sank by more than 1 percent to 76.65 per dollar on reports the U.S. will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity.

The dollar index, which tracks the it against six other currencies, dipped to its lowest since March 18 at 91.535 in the European session before recovering to be basically flat at 91.590.

The euro gained to a four-week high of US$1.1990, matching the highest level since March 4, before trading little changed at US$1.19735.

The dollar changed hands at 108.87 yen, after hitting a three-week low of 108.755 on Wednesday.

 



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