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المشهد العربي
US dollar hits two-week peak
The US dollar rose to its highest level in two weeks during Wednesday's trading, driven by investors' increased demand amid concerns over persistent inflationary pressures that could lead the Federal Reserve to tighten monetary policy and raise interest rates. Meanwhile, the Japanese yen gained against the dollar after Bank of Japan Governor Kazuo Ueda hinted at the possibility of interest rate hikes through successive meetings. In contrast, the euro declined despite expectations of the European Central Bank raising interest rates. The dollar index surpassed the 99.85 mark, increasing by 0.20 percent.
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