Dollar registers first monthly gain since October

Economic data supports dollar strength

The dollar’s performance was reinforced by a robust Chicago PMI reading of 57.7, providing fundamental backing for its resilience throughout the month. However, the currency faced a key resistance level at 98.00, limiting further gains.

Movements in other major currencies

In parallel, the Chinese yuan fell 0.12% to 6.8581 per dollar, despite gaining about 2% since the start of the year. The Australian dollar held steady at 0.7121 per dollar, moving toward its fourth consecutive monthly gain. Meanwhile, the yen dropped to 156.02 per dollar, the British pound retreated to 1.3485 dollars, and the euro remained near 1.1823 dollars, showing relative stability.