The dollar, its highest level in seven weeks
The dollar, its highest level in seven weeks
03/10/2017 15:28
[Where-up] The
dollar rose to its highest level in seven weeks against the yen on Friday as investors awaited US jobs data which is likely to reinforce expectations of a rate hike next week.
The dollar rose about half a percent to 115.495 yen , its highest level since Jan. 20 , and up about 1.5 percent for the whole week.
And stabilized the dollar index , which tracks the US currency against a basket of six major currencies at 101.80. The index tends to rise for the fifth consecutive week in the best wave of gains in eight months after it went up a quarter percent this week.
The euro climbed 0.3 percent to the highest price in four days at $ 1.0618 , benefiting statements of the European Central Bank President Mario Draghi yesterday on Thursday that the opinion of investors predict that it may tighten monetary policy.
alliraqnews.com
