8 Hrs
Source:
المصري اليوم
USD gains over 1 percent this week
The US dollar rose by over 1% during the week, supported by increased Treasury yields and expectations of another Federal Reserve interest rate hike, pushing the currency to its highest levels in several months. Its strength contributed to the euro falling to its lowest level in two months at 1.1370 dollars, and the British pound dropping near its lowest in three months at 1.3220 dollars, recording its worst weekly performance in four months. Additionally, US Treasury yields for bonds over 20 years increased amidst a wave of selling in bond markets, while the Japanese yen traded close to its three-week low at 158.8 yen against the dollar.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)