Monday, 27 November 2017

The dollar is the cheapest against the euro since September 25th

The US dollar declined to its lowest level since September 25 against the euro, registering a third consecutive weekly loss.
Concerns that the Fed may not respond to the increased market expectations in terms of the numbers of increases in interest rates have largely determined the depreciation of the US currency.
The US continues to face the dangers of low inflation, even though it operates in full employment.
The dollar index fell 0.39%, reaching the lowest value in two months, at 92.781 points. The index was down 0.9% in the past week.
The euro appreciated by 0.7% at the end of last week, reaching a level of 1.1927 dollars, compared to 1.1850 Thursday. This was the first breach of 1.19 by the end of September. The euro appreciated 1.1% last week.