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The US dollar advanced Thursday in the European market against a basket of world currencies, extending its gains for a third consecutive day, the highest level of the year, with the acceleration of purchases from the world. US currency, to accelerate the tightening of monetary policy. This year and the increase in interest rates twice as much, jumped those opportunities after the testimony of Jerome Powell in the US Congress.
The dollar index rose 0.6% at 12:25 GMT to trade at 95.34 points, the opening level of 94.80 points, the highest at 95.37 points since July 14, 2017 and the lowest at 94.73 points. .
The index closed yesterday up 0.1%, the second daily gain in a row, with US currency purchases continuing against most of the world's currencies. Federal Reserve Chairman Jerome Powell told the US Congress that he saw the United States on the path to rapid economic growth for several years and that it was minimizing the risks badociated with the existing trade disputes with China and the European Union.
These statements reinforced the likelihood that the Federal Reserve would tighten its monetary policy at a faster pace to adjust to economic growth and raise interest rates twice this year.
The world's largest economy is expected to release later in the day important labor market data, represented by weekly jobless claims, as well as the Philadelphia Manufacturing Index in July.
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