The dollar is falling from its highest level in the last 20 years

The dollar fell roughly one percent from its 20-year high against other major currencies at the start of a week that will see dozens of central bank decisions, led by the Federal Reserve (US central bank) on Wednesday. , followed by the Bank of Japan and the Bank of England the next day.

The dollar index, which measures the dollar’s performance against the six major currencies, rose 0.09% on Friday to 109.66, consolidating after two volatile weeks, reaching 110.79 on September 7 for the first time since mid of 2002 and 107.67 after six days.
Investors were swayed by economic data which sometimes indicated that the Federal Reserve may slow the pace of interest rate hikes to reduce the damage to the economy and the risk of recession, only to show that inflation is still swift. increase.

The dollar changed little, hitting 142.905 Japanese yen, settling after rising to a 24-year high of 144.99 earlier this month.
The British pound traded at $ 1.1426, after falling to a 37-year low of $ 1.1351 on Friday.
The euro was slightly adjusted to $ 1,00075 to continue a week of consolidation after swinging between its 20-year low of $ 0.9864 on September 6 and its nearly one-month high at $ 1,0198 a week ago.

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