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Dollar rises near its highest level in 14 years
Date: 12/20/2016 11:26
Information / Baghdad ..
The dollar rose toward its highest level in 14 years against a basket of major currencies on Tuesday while the yen quickly gave up some of its gains after two incidents Dametin in Turkey and Germany.
Demand remained strong dollar versus many other currencies and its index rose to 103.36 from a low level hit on Monday at 102.52, approaching the peak level in 14 years, which touched Thursday at 103.56.
The dollar received support from upbeat comments by Federal Reserve President Janet Yellen on the labor market in the United States.
The rising dollar and the yield on US bonds since last month on expectations that lead the next US administration, headed by Donald Trump's plans to reduce taxes and increase fiscal spending to increase growth and inflation rates in the United States.
0.2 percent in the euro dropped to $ 1.0382 to extend its decline recorded on Monday by 0.5 percent and approaching the lowest level since January 2003, which hit on January 15 at $ 1.03665.
Sterling also fell to $ 1.2355 on Monday at its lowest level in nearly a month and settled in recent trading at $ 1.2383.
The Australian dollar fell to its lowest level in six and a half months at $ 0.7240.
Against the Japanese currency the dollar rose to 117.75 yen, recovering quickly from a low level hit on Monday at 116.55 yen, with the Japanese currency falling after the Bank of Japan kept its monetary policy unchanged at its meeting, which ended today.
The Swiss franc rose - a safe haven currencies - to the highest level in six months at 1.0680 francs to the euro on Monday and reached 1.0684 francs to the euro in recent trading.
The Turkish lira recorded a slight decline to 3.5325 pounds against the dollar but remained above the standard levels low of $ 3.6000 pounds to the dollar and recorded by early this month. Finished / 25 p.
http://almaalomah.info/2016/12/20/economic/114830
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