he ran dollar tradingOn Thursday, at its highest level in more than a year against the euro and near a five-year peak against the yen, after a tightening tendency from Federal Reserve policy makers, supported by strong data in the United States, contrasted with softer expectations for monetary policy in Europe and Japan.
The dollar index, which measures the performance of the US currency against six competing currencies, fell slightly to 96.759, but it is still hovering near the high recorded on Wednesday, reaching 96.938, the highest level since July 2020.
The minutes of the Federal Reserve’s policy meeting on November 2 and 3 on Wednesday showed that central bank policymakers said they would be open to accelerating the reduction of its bond-buying program if high inflation persists, and moving faster towards raising interest rates.
At the same time, readings on the labor market and consumer spending beat economists’ estimates while inflation continued to rise.
The dollar changed little to 115,355 yen, to remain close to the high level recorded yesterday evening at 115,525, a level not seen since January 2017.
The euro rose to $ 1.1210, but it continued to trade near its lowest level in about 17 months, which was recorded on Wednesday at $ 1.1186, after the decline in German business confidence for the fifth consecutive month.
The pound rose 0.12% to $1.3342, after falling to $1.3317 on Wednesday for the first time in 11 months.
Investors remain focused on whether or not the Bank of England will raise interest rates on December 16.
The risk-sensitive Australian dollar rose 0.17% to $0.7208, up from $0.7185 recorded on Wednesday, the lowest level since September.
The New Zealand dollar rose 0.25% to $0.68895 to settle after falling to a three-month low of $0.6856 the day before when the country’s central bank raised its key interest rate by a quarter of a percentage point to 0.75%, disappointing hopes of raising it by half a percentage point.
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