Dollar remains at its highest level in two months ahead of US growth data

LONDON (Reuters) – The dollar has remained near a two-month high on Friday and appears to be making gains for the second week in a row, as the market turns to US GDP data for the second straight month. quarter.

Dollar gains also benefited from the widening of the yield gap between US debt and German debt. The differences are also at the two-month high of 244 basis points.

Investors were disappointed by the lack of political action by the ECB at its meeting on Thursday. Investors are now turning to the Federal Reserve meeting scheduled for next week, as policymakers have to cut interest rates by a quarter of a point.

The dollar index, which tracks the performance of the greenback versus a basket of currencies, rose 0.1% to 97.88 from a record 97.92 recorded in the previous session.

The euro touched 1.1136 USD in trade, after reaching its lowest level in two months at 1.1102 USD after the decision of the European Central Bank on Thursday, but dropped 0.1% during the session . In one week, the single currency fell 0.7%.

After the ECB meeting, Bank President Mario Draghi said the central bank was ready to cut interest rates at its next meeting in September and to consider other options. Monetary easing.

The pound fell to 1.2428 dollar and is directed towards a weekly loss of 0.6%.