The continued rise in the dollar exchange rate
The continued rise in the dollar exchange rate
Wednesday, May 27, 2015 09:19
Baghdad / follow-up Baghdadiya News / .. returned to the pace of the US currency exchange rate rise, the dollar to achieve an increase in its price by about one percent against other major currencies, and analysts expect the dollar to continue to rise trend begun in the summer of last year.
The dollar rose to about $ 1.09 to the euro and to more than 122 yen to the dollar, the first day of trading in the week in London after a long weekend.
The dollar ended last year, up more than 10 percent against major currencies in the world, it began in 2015 and is constantly rising.
The US economic data for the second quarter were lower than expected, which led to some calm in the pace of rise in the dollar exchange rate.
However, analysts in the currency markets expect that the dollar is approaching the level of parity with the euro (about $ 1.05 to the euro) soon, if the rate continued to rise in price.
And amid expectations that raises the possibility of the Federal Reserve (central bank) US interest rates soon as well as the decline in yields on European bonds, investors seek to buy dollars thus increasing its price.
This coincided with the rise in the dollar price drop in oil prices by nearly half since about a year now, in part to link the price of dollar-denominated raw at the exchange rate of the greenback.
However, the high price of the dollar offset some of Petroleum Exporting Countries, which linked its currency to the dollar, for some of its losses caused by low prices Alinvt.anthy 21 and /
albaghdadianews.com
