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وكالة الانباء الاردنية
Dollar poised for third weekly rise
The US dollar achieved its first consecutive weekly gains in over three months, supported by rising Treasury yields and expectations of increased interest rate hikes by the Federal Reserve, keeping the currency near its highest levels in several months. This led to the euro falling to a two-month low of 1.1370 dollars and the British pound dropping close to its three-month low of 1.3220 dollars, marking their worst weekly performance in several weeks. Meanwhile, the dollar index rose by more than 1% this week, though it has started to lose some of its upward momentum. The Japanese yen traded near its three-week low after the Bank of Japan's decision to adopt an unrestrictive approach to raising interest rates, while the US dollar remained stable against other currencies such as the Australian dollar, New Zealand dollar, and Chinese yuan.
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