The US dollar weakens against major currencies

The foreign exchange market recorded a slight decline in the US dollar on December 2nd. The US dollar index, which measures the performance of the currency against a basket of six major currencies, contracted by 0.06%, closing at 99.357.

In this context of fluctuations, cross-movement reveals contrasting dynamics. Against the euro, the dollar weakened as the euro reached 1.1622 dollars compared to 1.1608 dollars in the previous session. The British pound also maintained its relative stability, only slightly falling to 1.3211 dollars from 1.3213 dollars.

Conversely, the greenback showed some strength against the Japanese yen, rising to 155.88 yen from 155.48 yen the day before. However, this strength was more limited against other currencies. The Swiss franc strengthened its position, leading the dollar to decline to 0.8032 francs from 0.8044 francs previously.

The Canadian dollar and the Swedish krona also participated in this downward trend of the greenback. The dollar fell against the Canadian dollar, settling at 1.3971 CAD compared to 1.3997 CAD previously. Similarly, the Swedish krona recorded a comparable movement, with the dollar dropping to 9.4286 kronor from 9.4589 kronor in the previous session.

This market configuration reflects a changing balance between the US dollar and safe-haven currencies, where some currencies like the euro and the Swedish krona are gaining ground against the US currency.