In the second half of next November, the dollar should fall against the pound
The rising pace of the price of the US dollar against a basket of other currencies continues to set a new high in trading today, Thursday, Nov.3, which stood at 1.5 points, to hit the 24.25 limits in the against the Egyptian pound, the decision of the US Federal Reserve’s Monetary Policy Committee was affected yesterday, Wednesday.
Economist Ahmed Moati said that the “Forex” currency market has seen a state of fluctuation after the US Federal Reserve’s decision yesterday, Wednesday, November 2, to raise interest rates by 75 basis points to reach 3. 75% and 4%, bringing the dollar strength against the basket of other currencies from 111 points to 112.5 points at the present time.
dollar price prediction
In exclusive statements to “Al-Web”, Maati noted several reasons for determining the strength of the dollar in the coming days, most notably the US employment data, which will determine the Fed’s interest rate at the September meeting. and the statements of Jerome Powell, the US Federal Reserve in the next period, which will shed light on the movements of the next phase, as well as The US Inflation Statement, of which the Fed seeks to reduce the level to 2%.
The dollar price is now on November 3rd
The dollar index rose during Thursday’s trading by 0.5% to hit 112.70.
The pound against the dollar
Following the Fed’s decision, the British pound fell -1.10% against the US dollar to reach the $ 1.13325 range
The dollar and the Japanese yen
During the Fed’s decision, the Japanese yen fell 0.2% against the US dollar to stand at 148.18 yen.
The price of the euro against the dollar
The dollar also continued to grow against the euro, reaching € 0.9743, with an increase of € 0.0076, or 0.77%.
The dollar and the Saudi riyal
In the Arab world, the US dollar fell against the Saudi riyal by -0.0003 points, or -0.01%, during today’s currency trading sessions, Thursday, November 3, 2022, when the US dollar recorded an equivalent price. at 3.7579 Saudi riyals, compared to the previous opening price of 3.7582 Saudi riyals.
The price of the UAE dirham against the US dollar
The dollar price against the UAE dirham fell by -0.0001 points, or -0.001%, during today’s currency trading sessions, Thursday November 3, 2022, to register the US dollar, an equivalent price. at 3.6730 UAE dirham, compared to the previous opening price of 3.6731 UAE dirham.
The dollar and the Kuwaiti dinar
The price of the US dollar fluctuated against the Kuwaiti dinar, registering an increase of 0.0009 points, close to the price level of 0.3105 dinars.
