The dollar is approaching its highest level in 3 months

The US dollar rose to its highest level in almost three months, on Monday, as investors awaited the release of data this week to assess the state of the US economy and determine whether this will change the tight monetary policy pursued by the Federal Reserve (the US central bank).

The dollar rose slightly against a basket of currencies to 99.82, approaching its highest level since August.

The Japanese yen stabilized near its lowest level in eight and a half months, under pressure from large interest rate differences between the United States and Japan.

The euro fell to its lowest level in three months, and its latest trading amounted to $1.1527.

The pound sterling fell 0.26 percent to $1.3136 ahead of the Bank of England’s decision on interest rates this week, and the central bank is expected to keep interest rates unchanged.

The yen recently fell 0.1 percent to 154.15 yen to the dollar, as it struggled to make headway against other currencies.