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[size=45][size=41]The rise of the dollar for fear of raising interest rates[/size]
27 minutes ago
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27 minutes ago
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The dollar rose on Monday after weak economic data in China and a rise in oil prices worried investors that inflation would raise interest rates.
In the Asian trading session, the dollar rose slightly, tracking US bond yields, to about 0.2% against the euro and about 0.1% against the yen, pushing the Japanese currency to its lowest level in 3 years.
Monday's data showed that China's economy grew at the slowest pace in a year in the third quarter, with factory production falling due to lack of energy, while oil prices rose more than 1% near the high levels they reached in 2018.
The dollar index rose 0.1% to 102.94, its highest level in a year, which it reached last week at 94.563.
In the cryptocurrency market, Bitcoin hovered near its record high of $64,895. And it reached 62,393 dollars.
The dollar rose last trading to 114.35 yen and 1.1579 against the euro and rose by 0.2% to 0.7402 against the Australian dollar.
The British pound settled at $1.3734, just below $1.3773, which hit its highest level in a month on Friday.
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