Dollar hits week-high levels
The US dollar rose to its highest level in over a week, supported by the risk of the Federal Reserve raising interest rates this week, driven by rising Treasury yields and oil prices. The dollar index reached approximately 99.60 points, up by 0.24%. Meanwhile, the euro remained at its lowest level in a month at around 1.1539 dollars, and the Japanese yen declined by 0.3% to 154.82 yen against the dollar, as markets awaited the Bank of Japan's decision next week. Attention is focused on the upcoming monetary policy meetings of major central banks, especially after expectations of higher borrowing costs to combat inflation.
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