© Reuters. One hundred US dollar bills in Seoul, with a photo from the Reuters archive.
SINGAPORE (Reuters) – The dollar rose to its highest level in 10 months against a basket of major currencies on Wednesday, sending sterling to a six-month low and raising the possibility of intervention to support the yen, as expectations of interest rates in the United States remaining high for a longer period continue to dominate. Markets.
In the latest transactions, the euro fell 0.14 percent to $1.05575 after reaching its lowest level in six months at $1.05555 earlier in the session. The euro is heading towards a quarterly loss of more than three percent, which is the worst quarterly performance in a year.
It fell 0.09 percent to $1.2146 after hitting a six-month low of $1.2141 earlier on Wednesday. Sterling is heading towards a quarterly loss of more than four percent.
It rose to a ten-month high of 106.30.
The rise in returns caused the yen to falter, which rose slightly against the dollar to 149.03 yen after falling to an 11-month low of 149.185 on Tuesday.
Some experts believe that exceeding the threshold of 150 yen per dollar may force the Japanese authorities to intervene to support the currency, as they did last year.
The Australian dollar fell 0.20 percent to $0.6385.
The New Zealand dollar fell 0.23 percent to $0.5931.
(Prepared by Marwa Salam for the Arabic Bulletin – Edited by Marwa Gharib)
2023-09-27 06:00:00
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