The dollar is heading for the best quarterly gain in six years
The dollar is heading for the best quarterly gain in six years
Tuesday, September 30th, 2014 11:57
Baghdad / follow Baghdadi News .. the dollar is heading to the conclusion of transactions a month on the best quarterly gain in six years but stopped breathtaking while Some analysts believe that the rally is losing momentum.
The greenback rose more than seven percent against a basket of major currencies over the last three months and made progress for a record ten consecutive months due to expectations that the Federal Reserve (the Fed) will raise interest rates before counterparts in Japan and the euro zone.
Against the euro, the dollar scored its highest level in nearly two years at 1.2664 dollars on trading platform Aa.abi.as on Monday, but the single currency stabilized on Tuesday at 1.2692 dollars, with investors waiting for the data consumer price inflation in the euro zone at 0900 GMT.
It is expected that the numbers show inflation eased to 0.3 percent in September from 0.4 percent in August, to remain within the European Central Bank says it is “danger zone” which is any reading below one percent, and much lower than the target level of about two percent.
The index of the dollar 85.620 is so far from the peak of 85.798 registered last night, a high level unprecedented since July July 2010.
The dollar rose to a new level in six years at 109.75 yen on Monday and hit him in the latest price 109.30 yen, down about 0.2 percent, but is up about five percent this Alchehr.anthy / Agencies
albaghdadianews.com
