Currency Brief: Euro Plunges 7.4% in January, Yen Rises Slightly

Print Friendly, PDF & Email

The dollar continued to surge in January compared to most key world currencies. The U.S. dollar index closed at 94.9 on Jan. 30, up by 5 percent for the month.

The euro plunged by 7.4% against the U.S. dollar during the month, to $0.88, its lowest level in nine years and almost 20 percent lower than this time last year. Concerns over Greece’s financial conditions and the results of its recent election and a loosening of monetary policy cast a pall over the currency.

CurrencyEuro

The U.K. pound fell by 3 percent against the dollar in the month, to $0.66.

CurrencyPound

The Indian rupee rose by 2.5% compared to the dollar in the month, and ended January 1 percent higher than the same time last year.

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 January in advance of the Lunar New Year holiday.

CurrencyYuan

The Bangladeshi taka, which is loosely pegged against the U.S. dollar, dipped negligibly in the month.

CurrencyTaka

The Vietnamese dong rose in value very slightly against the dollar.

CurrencyDong

The Japanese yen actually rose by 2 percent against the dollar during the month, though remains behind by 15 percent compared to the same month last year.

CurrencyYen

Currency


Recent News

Pakistan University Invents Disease-Resistant GM Cotton

Pakistan’s Punjab University has signed a memorandum of understanding to provide newly invented disease-resistant cotton seed to farmers in the country through seven multinational companies nationwide.

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

Your Supply Chains Are Out of Date and This is the Tech That’s Taken Over

The apparel supply chain is emerging from the dark ages with on-demand manufacturing, data analytics and the digitization of the inspection process—and start-ups are leading the way.

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

US Commerce Dept. Begins Antidumping Investigations Into PET Imports From Five Countries

The U.S. Commerce Department has initiated antidumping duty investigations to determine whether imports of polyethylene terephthalate, known as PET, resin from Brazil, Indonesia, South Korea, Pakistan and Taiwan are being dumped in the U.S.

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