The dollar rose, during today’s trading, and is on track to achieve its first weekly gain in nearly two months. The dollar index, which measures the performance of the US currency against six other major currencies, rose 0.2 percent, and headed for a weekly gain of 0.4 percent, its first since late February. The euro fell 0.1 percent to 1.0959 against the dollar, but it recovered from its lowest level during the session at 1.0938 against the dollar. It rose 0.3 percent to 88.84 pence against the British pound. Sterling fell in the latest trading 0.3% to 1.2404 against the dollar, after falling to 0.51% earlier. The yen rose against the dollar after data showed the stability of the Japanese consumer price inflation index above the central bank’s target for last March’s rate, which increased pressure on the Bank of Japan to back down from its monetary easing policy.
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