Dollar Index Declines as Major Currencies Strengthen

According to ChainCatcher, the U.S. dollar index, which measures the dollar against six major currencies, fell by 0.45% on December 11, closing at 98.346 in the foreign exchange market. The euro rose to 1.174 against the dollar, compared to 1.1678 the previous day. The British pound increased to 1.3389 from 1.3365. The dollar weakened against the Japanese yen, trading at 155.61, down from 156.26. Similarly, the dollar fell against the Swiss franc, closing at 0.7951 from 0.8011. The Canadian dollar strengthened, with the exchange rate moving to 1.3779 from 1.381. The Swedish krona also saw gains, with the dollar trading at 9.2542, down from 9.2864.