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The dollar is recovering from its lowest level in two weeks DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The dollar is recovering from its lowest level in two weeks

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The dollar is recovering from its lowest level in two weeks Empty The dollar is recovering from its lowest level in two weeks

Post by RamblerNash Mon Jan 02, 2017 2:26 pm

The dollar is recovering from its lowest level in two weeks

The dollar is recovering from its lowest level in two weeks Image

02-01-2017 04:35 PM

East News -
London - Reuters

The dollar recovered on Monday, the lowest level in two weeks against a basket of six major currencies, while marked by weak trading due to the closure of many markets on the occasion of the New Year holiday.

The euro fell today to $ 1.0513, while the dollar index rose a quarter of a percentage point to 102.43 , nearing the peak level in 14 years, amounting to 103.65, which touched on 30 December (last December).

Sterling rose 0.2 percent to $ 1.2347, near its highest level in ten days, and that his record Friday when it stood at US $ 1.2388.

The dollar rose to its highest level in 14 years last December, supported by expectations the markets that «Reserve Federal» (US central bank) will raise interest rates three times this year, and that the US president - elect Donald Trump will spur inflation and growth program to increase spending.

The dollar ended the year with an annual increase of about four percent, posting gains for the fourth year in a row, but the dollar index , which tracks the performance of the greenback against six major currencies competition, it has more than one percent in the last three days of last week.

The index worsened losses during Friday briefly for the euro higher in low trading volume terms in Asia. The European single currency jumped two full worth of up to $ 1.07, before retreating rapidly.

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