Square Exchange Rate: The Dollar Index Holds Steady Against Global Currency Movements

TokenSleuth · 2026-02-12T18:06:06+00:00

The US dollar strengthens as geopolitical tensions affect currency dynamics, with the index around 97.65. The Japanese yen depreciates ahead of elections, and commodity-linked currencies like the Australian and New Zealand dollars weaken due to reduced global demand. Major currencies show limited movement, indicating market consolidation.

TokenSleuth

2026-02-12 18:06:06

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According to the latest reports from RTHK, the US dollar exchange rate is consolidating its gains, while currency dynamics reflect ongoing geopolitical and economic tensions. The dollar index is currently hovering around 97.65, up more than 0.2%, confirming the relative strength of the greenback in the currency markets. In Asia, currency fluctuations are accelerating as investors adjust their positions.

Japanese Yen Weakness Ahead of Elections

The Japanese yen is experiencing turbulence, continuing its decline for the fourth consecutive day. This downward trend coincides with Japan’s preparations for its upcoming legislative elections, an event that weighs on confidence in the Japanese currency. The US dollar is gradually approaching, reaching a biweekly high of around 156.94 yen. This USD/JPY exchange rate appreciation reflects risk aversion in Asian currencies and market participants’ expectations.

Commodity-Linked Currencies Under Market Pressure

The currency environment also shows a broad weakening of commodity-related currencies. The Australian dollar is slightly below the 0.7 mark against the US dollar, recording a decline of about 0.4% during late New York trading. The New Zealand dollar performs even more poorly, trading at 0.6 against the US dollar with a drop of over 0.7%. These exchange rate movements indicate a weakening of global demand for commodities and a decline in risk appetite.

Limited Movements in Major Exchange Rates

Among other major currencies, fluctuations remain limited. The Canadian dollar modestly appreciates against the greenback, rising about 0.2% and staying above 1.366. The British pound experiences a slight decline of 0.3% against the US dollar, oscillating around 1.365. The euro remains relatively stable against the US dollar, around the 1.18 level. These moderate currency movements suggest some market consolidation, while investors remain cautious in their long-term outlooks for major currencies.

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