Dollar Eases as Biden Ends Re-Election Bid

The dollar eased slightly on Monday as investors gauged the implications of US President Joe Biden's decision to end his re-election campaign for the Presidential Elections in November 2024.The US currency slipped 0.08% to 157.38 yen early in the Asian day, while the euro gained 0.11% to $1.0895.The British pound gained 0.15% to $1.2931, and the Australian dollar added 0.08% to $0.6691.The Chinese yuan stabilized largely after the central bank's decision to reduce the key interest rate. The dollar stabilized at 7.2881 yuan in external transactions.Source: Qatar News Agency