The dollar fell to its lowest level in a month
Mawazine News: The dollar fell to its lowest level in almost a month, against major counterpart currencies, before an important US jobs report that may spur the Federal Reserve to an early cut in stimulus.
There was little change in the dollar index, which tracks the performance of the US currency against a basket of 6 counterpart currencies, at 92.207, after it touched 92.151 earlier for the first time since the fifth of last August.
The euro also nearly settled at $1.1878, after hitting its highest level since August 4 at $1.1884, supported by rising inflation in the region to its highest level in 10 years, and a monetary tightening speech from European Central Bank officials ahead of a policy meeting on August 9. This September.
Meanwhile, the US central bank has made labor market recovery a condition for reducing asset purchases during the pandemic.