The Japanese yen continued its continuous decline, to decline today, Friday, which raised dealers’ concerns about the possibility of the Japanese authorities’ intervention to support it, while the dollar rose before the release of US inflation data.
Today, markets await the release of US PCE data, which will provide the latest clues as to whether prices are declining in the world’s largest economy.
The data, which was released Thursday, and showed the strength of the US economy, indicates that the US Federal Reserve may move to raise interest rates if necessary to curb inflation, and the data also led to a rise in US bond yields for ten years, 14 basis points, Thursday, to reach the highest level. have since the end of March.
The dollar index rose 0.35 percent Thursday, rising against the euro.
And the markets stabilized on Friday, in early European trading, with the euro settling at 1.0857 against the dollar, approaching its lowest level in a week. There was little change in the pound, and it settled at 1.2617 against the dollar.
The gains also helped the dollar rise to 145.07 yen in Asian trading on Friday, its highest performance in seven months and close to the level that prompted the Japanese authorities to intervene to support the currency last fall. (Sky News)
2023-06-30 11:15:55
#dollar #rising.. #euro
