The US dollar fell from Wednesday’s two-month high of 99.56 points thanks to optimism regarding the ceasefire in Lebanon. The dollar index, which expresses the value of the dollar against a basket of six major world currencies, lost 0.2 percent at around 18:00 CEST to 99.32 points.
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Market Watches Developments Around Lebanon Ceasefire
Lebanese President Joseph Aoun stated today that the ceasefire with Israel will take effect within 24 hours after it is approved by all parties involved.
However, the pro-Iranian Lebanese group Hezbollah rejected the ceasefire plan agreed upon in talks mediated by the United States, and Israel continued strikes in southern Lebanon. Iran stated that a ceasefire in Lebanon is crucial for progress in broader peace talks.
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Yen Remains Near Intervention Level, Euro Strengthens
The Japanese currency is in the intervention zone, and markets are therefore closely watching comments from Japanese authorities. The dollar fell 0.1 percent against the yen to 159.98 JPY. The yen is thus close to the critical level of 160 JPY per dollar, where it fell on Wednesday for the first time since April 30.
The euro gained 0.3 percent against the dollar at the same time to 1.1628 USD. The most well-known cryptocurrency bitcoin fell today to a four-month low of 61,344 dollars, approximately 1.3 million Czech crowns.
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Source: ČTK
