14 Hrs
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الاقتصادية
Dollar reaches 3-month high on bond yields
The US dollar reached its highest level in over three months, supported by rising US Treasury yields, despite a decline in US inflation in August and weak expectations for a rate hike this month. Additionally, the deterioration of Europe's debt situation and energy prices led to a decline in the euro, resulting in the dollar experiencing strong gains, with an index reaching 101.66 points amid market reactions to the rise in long-term bond yields. The US currency also strengthened against the Japanese yen, with further fluctuations expected due to the Bank of Japan's policies. Meanwhile, the Australian and New Zealand dollars declined amid a monthly decrease in interest rate hike expectations.
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