Dollar up to its highest level since 2015



economy Since 19.11.2016 at 09:14 (Baghdad time)

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The dollar continued to near the highest level since April 2003 against a basket of currencies, its biggest increase in two weeks ago, in March 2015 with an increase bets dealers on a huge dose of fiscal stimulus under the Republican presidency of Donald Trump United States.

The dollar also received support from rising expectations that raises the Fed (US central bank) interest rates next month, with the presence of signs of rising inflation and improve economic growth.

The US currency jumped 7.3 percent against the yen in two weeks, the biggest rise since January 1988 and the second strongest performance of the dollar in the era of free exchange rates.

The dollar index scored its highest level since early April 2003 at 101.48 before it gives up some of its gains to hit 101.25, up 0.4 percent on the day.

He did not give the Federal Reserve President Janet Yellen explicitly that the Board will increase interest rates in the Monetary Policy Committee meeting of the Bank on 13 and December 14, but informed the committee in Congress that is likely to raise interest rates "relatively soon."

The euro was the lowest level in 11 months at $ 1.0567 and reached the latest price of $ 1.0595, down 0.3 percent.

The Chinese yuan fell to its lowest level in eight months at 6.9850 yuan per Dolar.anthy 29 / A 43

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