Dollar Expands Gains to Highest Level in Two Years – Politics



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The US dollar continued its gains against major currencies yesterday at the highest level in the last two years, with the Federal Reserve's decision to lower interest rates before the release of economic data.
The dollar rose 0.3% against the euro, to $ 1.1040, its highest level since May 16, 2017.
The dollar also rose 0.3% against the yen, reaching 109.14 yen, the first time that it has exceeded 109 yen since the end of May.
The greenback rose 0.3% to $ 1.2122 and 0.2% to 0.9964.
In the main dollar index, which measures the performance of the currency against six major currencies, it rose about 0.3% to 98,849, the highest level in two years.
Yesterday, the Federal Reserve decided to reduce interest rates by 25 basis points, to a level ranging from 2% to 2.25%.

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