SnO Posted September 14, 2023 Share Posted September 14, 2023 The euro moved away from its lowest levels in about 3 months against the dollar - today, Thursday, September 14, 2023 - when it rose by 0.21% to reach 1.07515 per dollar, amid anticipation of the imminent meeting of the European Central Bank and its decision on interest rates. The euro rose 0.21% to $1.07515, continuing its rise from the lowest level recorded last week at $1.0686. On the other hand, the yen rose from its lowest levels in almost 10 months, as it reduced the decline in long-term Treasury bond yields to support the US currency. The dollar index - which measures the performance of the US currency against 6 competing currencies - fell by 0.16% to 104.56 points, by midday Thursday in Asian trading. Yields on 10-year Treasury bonds fell another 1.3 basis points to about 4.235% in Thursday's transactions. The US Department of Labor said - yesterday, Wednesday - that the consumer price index rose 0.6% last month, which is the largest increase since June 2022. However, core inflation, which is of greater concern to the Federal Reserve; Because it excludes food and energy prices, its rate reached 4.3% on an annual basis last August, compared to 4.7% the previous month. European stocks also rose even as investors maintained their caution ahead of the European Central Bank's decision on interest rates, as it is likely to raise them for the tenth time in a row. Markets expect approximately 65% of interest rates to rise by 25 basis points, which will raise the main interest rate in Europe to a record level. https://www.aljazeera.net/ebusiness/2023/9/14/اليورو-يرتفع-من-أدنى-مستوياته-قبل Link to comment Share on other sites More sharing options...
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