Dollar rises at its highest level in 6 years!
Dollar rises at its highest level in 6 years!
Tuesday, September 9th, 2014 13:30
Baghdad / follow Baghdadi News .. dollar its highest level in six years against the yen and the peak in 14 months against a basket of currencies on Tuesday, imitating a rise in bond yields of America as investors re-assess the chances of a rate hike in the light of a new study by the Federal Reserve (the Fed ).
Sterling continued its losses, its lowest level in ten months, a day after the biggest daily loss incurred in two and half years due to growing fears that the vote in favor of independence for Scotland.
As of late August, investors were excluded to separate Scotland from the Union, which has existed for three centuries. But recent polls suggest the result too close, forcing hedge funds to seek protection from further weakness in the currency fluctuations and increases the unit.
The dollar index rose 0.25 percent to 84.458. The index 84.496 earlier in the stands not far from the July peak of $ 84.753 in July 2013. The penetration level that it takes the cursor to the Heights since July, had not told her in July 2010.
He received bettors on the rise of the currency a boost from a study of the economist Bank of San Francisco Federal Reserve published on Monday which said that investors’ expectations for interest rate curve rises less than the expectations of the members of the Fed itself.
Said Emma Lawson large market exchange strategist at National Australia Bank, “the market interpreted this as behooves them to reconsider those expectations.”
The American bond yields rose for two years and the dollar rose 0.3 percent to the highest price in six years at 106.37 yen.
The euro fell to its lowest level in 14 months at 1.2860 dollars, down 0.3 percent.
Investors and avoids the single currency after a surprise tour of new stimulus measures from the European Central Bank on Thursday.
Sterling fell to near the lowest price in the ten months to $ 1.6065 amid fears that Scotland voted in favor of secession from the United Kingdom. The total price of the latest currency 1.6085 dollars, down 0.1 percent. And settled sterling against the euro at 80.03 pence.
A poll conducted by TNS on Tuesday the growing support for the supporters of independence from Britain just days after the results of the YouGov poll published by the Sunday Times gave the camp and “yes” to independence and 51 percent “no” 49 percent. Finished / Agencies
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