Wednesday, October 23, 2024
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The dollar is at its highest level in two and a half months and the yen is falling

The dollar is at its highest level in two and a half months and the yen is falling

And he witnessed Yen The largest movement among currencies fell to 152 against the dollar for the first time since July 31, as the dollar and the yield on US Treasury bonds continued to rise.

Price movements

The dollar index rose over three weeks to record its highest levels since August 2 at 104.9, as expectations of a sharp rate cut in the US Federal Reserve dissipated after a group of promising economic data.

The dollar was trading at 152.08 yen, up 0.65 percent.

A Reuters/Ipsos poll revealed the lead of the Democratic Party candidate in the US presidential elections, Kamla Harris, over her Republican competitor Donald Trump Slightly, by 46 percent compared to 43 percent.

As it is held Japan General elections on October 27.

The dollar index settled overall at 104.13. The index rose by more than three percent this month.

In its latest transactions, the euro recorded a decline to $1.08035 after falling to its lowest level since August 2 at $1.0792.

There has been no significant change sterling It was trading for $1.29925 after falling to the lowest level since August 19 at $1.2945 in the previous session.

As for digital currencies, Bitcoin fell 0.71 percent to $67,002.42.



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