The US dollar strengthened to a three-month high on Wednesday, while the euro slipped to $1.1581, extending losses for a third day and hitting its weakest level since late November. The British pound also fell 0.3% to $1.3315, and the Australian and New Zealand dollars weakened amid mixed economic signals.<\/p>\n
Rising energy prices have added pressure to global markets, driving inflation concerns and affecting stocks and bonds. Benchmark Brent crude oil rose 1.2% to $82.45 per barrel, its highest since July 2024, marking a 14% gain since last Friday. European gas prices also surged, climbing 70% over the past week.<\/p>\n
Against other major currencies, the dollar was flat at 157.68 yen and 6.9225 Chinese yuan in offshore trade. Economic data presented a mixed picture, with official PMI gauges in China pointing to a slowdown, while private-sector activity surpassed expectations. In Australia, GDP growth picked up speed in the fourth quarter, yet analysts noted that growth may still be running above potential.<\/p>\n
In the digital asset market, Bitcoin rose 0.8% to $68,585.42, while ether increased 0.8% to $1,985.40, reflecting continued investor interest amid currency volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US dollar strengthened to a three-month high on Wednesday, while the euro slipped to $1.1581, extending losses for a third day and hitting its weakest level since late November. The British pound also fell 0.3% to $1.3315, and the Australian and New Zealand dollars weakened amid mixed economic signals. Rising energy prices have added […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,780,755],"tags":[],"yoast_head":"\n