The dollar is declining from the US Reserve Council warnings of the risks of high inflation

The dollar fell against most major currencies today, Thursday, to abandon some of its gains yesterday, after the Federal Reserve warned of the increasing risks of the economy; Due to high inflation and unemployment.

The dollar index, which measures the performance of the currency against six main currencies, decreased by 0.2 percent to 99.682, to redeem about two thirds of the gains it achieved a day ago.

The dollar fell 0.1 percent to 143.63 yen and 0.2 percent decreased to 0.8229 Swiss francs.

The euro increased 0.2 percent to $ 1.1327.

The pound jumped to ascend the Australian dollar after US President Donald Trump said that he would announce a “major trade agreement” later today, while the New York Times reported that Britain would be the signed country.

The pound rose 0.4 percent to $ 1.3341, even with widespread expectations that England will reduce interest rates a quarter of a point later today.

The Australian dollar earned up to 0.6 percent against the US dollar.

The New Zealand dollar advanced about 0.5 percent, while the Chinese yuan did not witness a significant change to settle at 7.2325 against the dollar in foreign transactions a day after it decreased 0.26 percent.