The rise of the dollar and the decline of the euro and sterling

The rise of the dollar and the decline of the euro and sterling
The rise of the dollar and the decline of the euro and sterling
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The price of the dollar recorded today, Wednesday, an increase, amid limited trading, as investors await the monetary policy decision of the Federal Reserve, scheduled for next week.

The price of the dollar today

The dollar rose 0.1 against the yen, recording 130.28 yen per dollar, after reaching an eight-month low of 127.22 yen per dollar on January 16, according to Al-Eqtisadiah.

The euro fell 0.12% against the dollar to $1.088, which is just below the $1.093 level it reached on Friday, which was the highest level since early May.

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The dollar fell to its lowest level in 7 months

The rise in the dollar index

The index rose by 0.11% to 102.02, and the pound sterling fell by 0.23% to $1.231, according to Reuters.

The Australian dollar recorded the highest level in more than five months today, supported by inflation data that exceeded expectations, as it boosted expectations of the Australian Central Bank raising interest rates.

The Australian dollar rose in the latest trading 0.81% to $0.71, meanwhile, the New Zealand dollar fell 0.32% to $0.649, after New Zealand’s annual inflation of 7.2% in the fourth quarter came in below the central bank’s forecast of 7.5%.

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