The rise in the dollar amid the government closure in America

The dollar rose to its highest levels in more than two months during early Asian transactions, today, with the intensification of the risks of government closure in the United States, which raised new concerns among investors and strengthened demand for safe haven assets.

The dollar index, which measures the performance of the US currency against six currencies, rose 0.3 percent to 98.91, the highest level since the fifth of August, after US President Donald Trump threatened to implement a mass demobilization of federal employees during the closure crisis.

Analysts from Westpack wrote in a research report: “With no solution waving on the horizon of government closure, morale has deteriorated in the financial markets,” analysts from Westpack wrote in a research report.

The New Zealand dollar decreased by up to one percent to record a low level at 0.5739 dollars after the New Zealand reserve bank surprised the market by reducing the interest rate of 50 basis points, which is a greater reduction than expected, and pointed to more facilitation in the future after the recent deterioration in economic data.

“The market expected a possibility of only 30 percent to reduce the New Zealand Reserve by 50 basis points today,” said Joseph Kaporso, head of the Foreign, International Currency Research Department and Economic Geography at the Australian Bank of Commonwealth.

“It was imperative that the New Zealand dollar would decrease,” he added.

The Australian dollar fell in the latest transactions 0.4 percent to $ 0.65595.

The dollar was traded at 152,535 yen, up 0.4 percent from the levels registered late yesterday to hover around the strongest level since February, while investors reside the impact of economic policies, Simye Takaychi, which won the leadership of the ruling party in preparation for becoming the new Prime Minister in Japan.

Investors ask whether the winning of the student of the late former Prime Minister Shinzo Abe may herald similar motivational policies that may enhance stocks but make the yen fragile.

The euro recorded $ 1.1618, a decrease of 0.3 percent during the Asian dealing hours, while the pound sterling recorded $ 1.3395, a decrease of 0.2 percent.

The yuan abroad fell 0.1 percent from the previous session to 7,1506 yuan for the dollar.