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Currency Brief: Dollar Continues to Strengthen Against Key Currencies

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The euro, pound and yuan weakened against the dollar in September, but other Asian currencies appreciated.

The euro fell by 0.6% against the U.S. dollar in the month, to $1.26, increasing its year-to-date decline to 8.66%. The currency is down by 6.8% compared to the same month last year.


The pound dropped by 2.5% percent against the dollar in the month, to $1.62, putting it behind by 0.9% on a year-to-date basis, and reducing its year-over-year gain to under 0.2%.


The Indian rupee rose by 1.88% against the dollar in September, tempering its year-to-date slide to 0.8%. Compared to this time last year, the currency is down by almost 1.85%.


The Indonesian rupiah increased by 4.2% in September, resulting in a year-to-date increase of 0.9%, and a year-over-year increase of more than 5 percent.


The Pakistani rupee rose 0.7% in September, down 3 percent from the same month last year, and more than 4 percent for the year-to-date.


The Chinese yuan fell very slightly against the dollar in September and ended the month 0.5% higher for the year so far.


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


In September, the Vietnamese dong rose in value very slightly against the dollar, and remains ahead by 0.75% on a year-to-date basis.


The yen gained 5.46% against the dollar in the month, which pushed its year-to-date gain to just over 6 percent.



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