Currency Brief: Dollar Stabilizes in February

The dollar’s 10-month surge slowed in February. Up by only 0.4% for the month, the U.S. dollar index closed at 95.2 on Feb. 27.

The euro dipped by .6% against the U.S. dollar during the month, recovering from January’s plunge, though still 23 percent lower than this time last year. Concerns over Greece’s debt continue to fuel concerns.


The U.K. pound rose by 1.8% against the dollar in the month.


The Indian rupee was essentially flat compared to the dollar in the month.


The Indonesian rupiah fell by almost 2 percent.


The Pakistani rupee edged down by less than 1 percent in the month.


The Chinese yuan remained virtually flat against the dollar in February.


The Bangladeshi taka dipped negligibly in the month, as did the Vietnamese dong.



After rising by 2 percent against the dollar in January, the yen dropped by almost 1 percent in February, and remains behind last year’s level by 17 percent.



Recent News

Financial Roundup: Sears Canada Begins Turnaround, Unifi Performs Internationally, and Boohoo and Kering Defy the Market

Challenges at retail continue to negatively affect the bottom line for companies along the value chain—except in for luxury and fast fashion.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more