Amid expectations of an interest rate cut, the price of the dollar rises against major currencies
Ascended The dollaragainst major currencies today, while the euro was affected by weak inflation data, but the movements remained relatively limited with The British pound, with traders believing that British inflation data may follow a similar pattern, fell in the latest transactions 0.30% to $1.34995 despite recording its highest levels in almost four months against the dollar and the euro earlier today.
Currency rates today
The dollar rose against the Swiss franc by 0.42% to 0.795 francs, and also advanced against the currency. Japanese rose 0.15% to 156.6 yen.
The dollar index, which measures its performance against a basket of six currencies, increased 0.19%. The Australian dollar is performing strongly and recorded its highest level in more than a year at 0.6739 US dollars today, and recorded in the latest transactions an increase of 0.18% to 0.6725 against the US currency.
The dollar stabilized in the latest transactions against the Chinese yuan in external transactions in Hong Kong, while the New Zealand dollar fell 0.14% to 0.578 US dollars.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
