The dollar index rises in front of a basket of currency 0.11 percent

The dollar rose today, Thursday, supported by the demand for safe haven, while customers are cautious to the President of the Federal Reserve (US Central Bank) “Jerome Powell” on inflation.

The dollar index, which measures the currency performance of America against a basket of six currencies, rose 0.11 percent to 99, and approaches weekly gains by 0.9 percent, which is the strongest weekly performance since late January.

The euro recorded the lowest level in a week, and decreased in the latest transactions of 0.25 percent to $ 1.1455, on the way to register 0.8 percent a weekly loss, which is the largest weekly decrease since February.

The sterling pound fell 0.14 percent to $ 1.3403 before the Monetary Policy decision of England, as the bank is expected to keep interest rates unchanged.

The Swiss franc recorded 0.81995 against the dollar before the monetary policy decision from the Swiss National Bank.

In the latest trading of the Japanese yen recorded 145.13 against the dollar.

The Australian dollar fell by 0.5 percent, and in the latest transactions of 0.3 percent to $ 0.6489.

The New Zealand dollar fell 0.5 percent to $ 0.5998.

Emerging market currencies also witnessed losses and the South Korean Won fell one percent.