UPDATE 1 The US dollar rises to its highest level in two months



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Direct: The US dollar appreciated major currencies on Monday, reaching its highest level in two months, as the start of the Federal Reserve meeting and the evolution of the trade situation were anticipated.

Today, a US trade delegation will visit China to finalize trade negotiations between the two sides since May.

This week, investors are waiting for a monetary policy meeting within the Federal Reserve, in the expectation of a rate cut, an initiative that would be the first of its kind since the global financial crisis.

If implemented, the Fed's move to reduce interest could be seen as a reduction in insurance to protect the US economy from global uncertainties and trade pressures, as opposed to cuts. imposed by countries to deal with greater risks.

Economic data showed last Friday that US gross domestic product (GDP) grew 2.1% year-over-year in the three-month period ending in June, even though it was 3, 1% lower than the first quarter. Percentage

US President Donald Trump has reprimanded the Fed, saying he did not expect the US central bank to do much to stimulate the economy.

At 15:36 GMT, the dollar was down 0.08% against the euro to reach $ 1,1177, while it was up 0.2% from the yen to 108, 85 yen.

The greenback rose 1.3% to 1.2224 dollars, while it fell only 0.08% against the Swiss franc to 0.9924 francs.

During this period, the leading dollar index, which measures the performance of the currency against six major currencies, rose above 0.1% to 98.133, reaching its highest level in two months.

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