Currency Brief: Dollar Stabilizes in February

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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.

CurrencyEuro

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

CurrencyPound

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

CurrencyIRupee

The Indonesian rupiah fell by almost 2 percent.

CurrencyRupiah

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

CurrencyPRupee

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

CurrencyYuan

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

CurrencyTaka

CurrencyDong

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.

CurrencyYen

Currency

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