Dollar at highest level two weeks

Views 250 Added 09/17/2016 - 18:29

Economy News / Continue ...

The dollar hit its highest level in more than two weeks against a basket of major currencies on Friday after inflation data reinforced in the United States, raising the prospects of US interest rates in December, the dollar touched its highest level in a month against the British pound.
The dollar index, which tracks the performance of the greenback against a basket of six major currencies 0.8 percent to 96.063. .

The European single currency recorded its lowest level in ten days against the US counterpart at $ 1.1149 per euro, at a time when the dollar scored the highest level in two weeks against the Swiss franc at 0.9817 francs.

The dollar rose only 0.25 percent in the latest reading against the yen to 102.35 yen before the Monetary Policy Committee of the Central Bank of Japan meeting on 21 and September 22.

It headed the dollar index to record the best week in three weeks, an increase of 0.8 percent, but the US currency is also headed to the second weekly loss record straight against the yen by about 0.3 percent.

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