As market interest moves to next week's meeting of the United States Federal Reserve, the dollar makes gains for the second week in a row, after a few days of volatility when currencies move with a shift in risk-taking.

But some analysts are wondering whether the recent surge in the dollar may be losing momentum.

The dollar index, which tracks the performance of the US currency against a basket of six major currencies, rose slightly during the session to 92.873. In the week, the index rose 0.1 percent from 0.6 percent on the order.

But that's below the three-and-a-half-month high of 93.194 recorded on Wednesday, after Wall Street's strong profits helped investors regain some confidence amid fears that the mutated delta strain of the corona virus could hamper global economic recovery.

Treasury instruments have seen sell-offs, most of the currencies associated with primary commodities have made gains, the US dollar has come off its heels, appetite for risk remains high today, and US equities have climbed.

Since the beginning of July, the dollar has won 0.6 percent after rising 2.8 percent in June.

Since the beginning of this month, U.S. benchmark 10-year Treasury yields have lost 18 basis points, recording the largest monthly decline since March 2020. The dollar moves simultaneously with American revenues.

Against the yen, a safe haven, the dollar rose 0.3 percent to 110.54 yen.

Meanwhile, the euro settled at $1.1775, unaffected by mixed readings of procurement managers in France, Germany and the eurozone as a whole.

Euro zone business activities expanded at the fastest monthly pace in over 20 years in July as the services sector received a boost from the relaxation of Covid-19, but fears of another wave of injuries hurt corporate confidence.

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