Tuesday the U.S. dollar is almost stable against the European currency and is declining against the yen.
The DXY index, which shows the U.S. dollar value against the six major world currencies, added 0.1% during the session. At the same time, indicator WSJ Dollar, which tracks the movement of the dollar against 16 currencies, dropped by a similar amount.
The euro was trading at $1.0664 against $1.0668 at the end of the previous session.
The value of the single European currency is now around 138.81 yen, compared to 139.46 yen on Monday. The dollar exchange rate is 130.18 yen against 130.74 yen at the end of the previous trading day.
The pound is trading at $1.2069 compared to $1.2048 on the previous trading day and the euro is at £0.8835 compared to £0.8856.
The euro gained 8.8 percent against the dollar in the fourth quarter of 2022, according to Dow Jones Market Data. This was the highest quarterly gain since 2010.
Meanwhile, the DXY index showed a 7.7% drop in October-December, the biggest decline in twelve years. That didn’t stop the indicator from ending 2022 on the plus side: it was up 7.9%, the highest gain since 2015.
