Dollar near its highest level in 11 years
Dollar near its highest level in 11 years
Monday, March 2, 2015 – 15:45 GMT Abu Dhabi
Rise in the dollar came with the support of the repercussions of the Chinese cut interest rates
Abu Dhabi – Sky News Arabic
The dollar reached its highest level in 11 years against a basket of major currencies on Monday, with the support of the repercussions of the Chinese cut interest rates, which has increased the pressure on the euro.
The euro fell 0.1 percent against the dollar only in early European trade, after falling to its lowest level in five weeks, after it cut the Chinese People’s Bank (Central) Saturday interest rates.
And increased the dollar index, which tracks the performance of the greenback, against a basket of major currencies to 95.505, its highest level since September 2003.
And the index in the latest transactions 95.376. The dollar rose against the Japanese currency to its highest level in two weeks is trading at 119.965 yen.
The US currency reached its highest levels against the Chinese yuan after cutting interest rates. Among the factors that contributed to the rise in the US currency descent Dollars Australian and New Zealand after gains in early trading, due to cut Chinese interest rates. The pound fell from its highest level in seven years against the euro, It peaked in eight weeks against the dollar, in light of uncertainty that hangs over the prospects for the British currency, due to be held on May general election, which may destabilize the currency. showed the descent of British house prices in February data for the first time in five months, which weakens the morale too.
The British currency fell against the dollar and 0.15 per cent, to $ 1.5405.
skynewsarabia.com
