The rise of the US dollar globally


The rise of the US dollar globally

The US dollar rose today against a basket of global currencies, to resume recovery operations from its lowest level in two weeks that was temporarily stopped yesterday.

This increase came thanks to currency purchases as the best alternative investment, in light of the high yield of US Treasury bonds, ahead of the release of monthly inflation data in the United States, according to the “Wall Street Journal.”

The dollar index rose nearly 0.25 percent to the level of 92.30 points, the opening level of trading today at 92.07 points, and the lowest level at 92.07 points.

Source: Reuters


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