This week, markets are awaiting the release of important economic data, in addition to US inflation data, which will be released on Wednesday, which could affect the US Federal Reserve’s monetary policy stance.
On the other hand, all eyes are on the British pound, which saw a slight rise today and remained around the highest level in 11 months at $1.2652, with the anticipation of an expected increase. interest rates by the Bank of England on Thursday.
The pound also appreciated against the euro, which registered 87.36 pence in its latest trades, after falling to 87.11 pence on Friday, its lowest level against the British currency this year.
Nonetheless, the Euro is up almost 16% against the Dollar from its September lows of last year, and today it is up 0.25% at $1.1047, supported by expectations that the European Central Bank will keep interest rates high for a longer period than the US Federal Reserve.
Last week, the US central bank raised interest rates by 25 basis points, but appeared slightly more cautious than its peers on the outlook, abandoning its forecast on the need for further rate hikes in the future.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.2% to 101.11 points. Last month, he scored 100.78 points, his lowest level in a year.
Against the yen, the dollar rose 0.1% to 135.0, although it was down 0.46% against the Swiss franc at 0.8874.
While the Australian dollar recorded its highest level in three weeks and rose 0.5% to $0.6784.
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