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[size=36]The dollar is at its highest level in 3 weeks[/size]
Economie| 12:36 - 17/09/2021
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Follow-up – Mawazine News:
The dollar settled near its highest level in three weeks against a basket of major currencies, on Friday, after a batch of strong US economic data that rekindled expectations for tightening policy earlier by the US Federal Reserve.
US retail sales unexpectedly rose last August, rising 0.7% from the previous month despite expectations for a 0.8% decline, while the Philadelphia Fed's business confidence survey also showed a significant improvement.
The dollar index settled at 92.880, near a three-week high on Thursday at 92.965.
The euro hit a three-week low of $1.17505 overnight and was last traded at $1.1765.
The common currency also hit a three-week low of 128.61 yen and a one-month low of £0.8501 before recovering some losses.
The dollar's strength was more evident against other safe haven assets, such as the Swiss franc and precious metals. Ended 29/A 4
The dollar settled near its highest level in three weeks against a basket of major currencies, on Friday, after a batch of strong US economic data that rekindled expectations for tightening policy earlier by the US Federal Reserve.
US retail sales unexpectedly rose last August, rising 0.7% from the previous month despite expectations for a 0.8% decline, while the Philadelphia Fed's business confidence survey also showed a significant improvement.
The dollar index settled at 92.880, near a three-week high on Thursday at 92.965.
The euro hit a three-week low of $1.17505 overnight and was last traded at $1.1765.
The common currency also hit a three-week low of 128.61 yen and a one-month low of £0.8501 before recovering some losses.
The dollar's strength was more evident against other safe haven assets, such as the Swiss franc and precious metals. Ended 29/A 4
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