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[size=36]The dollar is near its highest level in 4 months[/size]
Economie| 11:08 - 13/08/2021
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Follow-up – Mawazine News The
dollar maintained its stability, on Friday, and remained near its highest level in four months against a basket of currencies.
The US currency was supported by data released on Thursday showing that US producer prices posted their biggest annual increase in more than a decade in the 12 months to July.
Although the consumer price data published the day before indicated that inflation may be at its peak, the wholesale price data underlined the strength of inflationary pressure, helping to remove some stimulus from the Fed.
The euro eased slightly to $1.1732, on course for a second consecutive week of losses and staying within close range of a four-month low of $1.1706 hit on Wednesday.
The dollar was trading at 110.42 yen, just below a one-month high of 110.80 yen hit on Wednesday.
Sterling was on the defensive at $1.3815 after hitting a two-week low of $1.3794 in the previous session, benefiting from a little help from slightly stronger-than-expected GDP estimates for the month of July. Ended 29/A 4
dollar maintained its stability, on Friday, and remained near its highest level in four months against a basket of currencies.
The US currency was supported by data released on Thursday showing that US producer prices posted their biggest annual increase in more than a decade in the 12 months to July.
Although the consumer price data published the day before indicated that inflation may be at its peak, the wholesale price data underlined the strength of inflationary pressure, helping to remove some stimulus from the Fed.
The euro eased slightly to $1.1732, on course for a second consecutive week of losses and staying within close range of a four-month low of $1.1706 hit on Wednesday.
The dollar was trading at 110.42 yen, just below a one-month high of 110.80 yen hit on Wednesday.
Sterling was on the defensive at $1.3815 after hitting a two-week low of $1.3794 in the previous session, benefiting from a little help from slightly stronger-than-expected GDP estimates for the month of July. Ended 29/A 4
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