Since the dollar index - which measures against a basket of major currencies - reached its lowest level in about 5 months on May 25, at 89.63 points, the US currency has been fluctuating for some time between highs and lows.

The US dollar has been roaring over the past few days, recording its best weekly performance in about 9 months, and continuing its gains to the day, raising doubts about the view of analysts that it was weak in 2021.

But the dollar has been on the rise since the middle of last week, reaching 92.22 points today Sunday, approaching its best level for the year, recorded in late March at 93.29 points, according to Bloomberg data.

The hike comes after policy makers at the Federal Reserve Board (the U.S. Central Bank) decided to stabilize interest on Wednesday, but they were more likely to raise it twice by the end of 2023 and discussed the eventual curtailment of the Central Bank's asset procurement program, according to a "Market Watch report."

On Wednesday, the euro fell below US $1.20 for the first time since 6 May, and continued to decline in the following days.

Foley said that Rabobank's current forecast for a U.S. dollar rise this summer was based on the view that the inflation debate and Fed policy would escalate. The dollar index has risen 2.2% since the beginning of the year.

Who's Online

We have 334 guests and no members online

News Most Viewed

  • Ordering
  • Title
  • Most Popular

Talk of a "serious" ...

Framatom, a subsidiary of the ...

Some global news sites ...

Today, Tuesday, social ...

Harry and Meghan. "She ...

After a year of unrest within the ...

For violation of ...

Because of what he said were the ...

Russian court fines ...

In the latest development in an ...

Belarus plane. Action ...

Belarusian authorities intercepted ...

A Chinese city ...

  Chinese city authorities ...

An expert assesses ...

Academician Gennady Onishchenko, ...

Belarus begins the ...

Today, Tuesday, Belarus began the ...

Biologist: ...

 Professor Ancha Paranova of the ...

Britain: We had to ...

 British Health Minister Matt ...

China suspends air ...

Today, Sunday, the Chinese ...

City uprising lead ...

Manchester City came from behind ...

Global health. The ...

A leading official of the World ...

Time to think

  Writer : Michael Blair Time is ...

The year 2020 continues ...

Local media reported today, ...

Mikhail Lomonosov; The ...

By|Abeer Almadawy    Mikhail ...

Tips for a good sleep ...

James Wilson of The Sleep Geek ...

The Last Circle

The African Paradise
Written by|Abeer ...
Makers of Wars & The mix
Written By|Abeer ...
Trump wins and William
Lines in the reading of ...
Mosul in between the joy
Written by| Abeer ...
Geisha and the
Written by /Abeer ...
Castle Journal declares
The Last Circle ...
The Masters,The Owners
By /Abeer Almadawy ...

Video Castle Journal

الدائرة الأخيرة  

الدائرة الأخيرة مع الدكتور عاصم الليثى

 الدائرة الأخيرة مع اللواء نبيل أبو النجا

 كلمة د/عبير المعداوى فى عيد الشرطة

Locations

  • #104. Street 6, Fifth District, 6 October, Giza
  • This email address is being protected from spambots. You need JavaScript enabled to view it.
  • 01004734646

Castle Journal Group