USD at its highest level in 3 weeks



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11:10

Tuesday 02 April 2019

CAIRE –
The Australian dollar lost 0.5 percentage point on Tuesday, as investors focused on a warning from the central bank on the security of the global economy, while the dollar reached its highest level in the world. three weeks, according to Reuters.
The dollar index, which measures the performance of the greenback versus a basket of currencies, rose 0.3% to 97,430, its highest level in three weeks.
The Reserve Bank of Australia kept interest rates unchanged, thereby avoiding the explicit tone of monetary easing adopted by other central banks, but traders felt that the bank's statement was unfavorable to the currency. said the agency.
The Australian dollar was down 0.6% to $ 0.7072.
The euro, also affected by easing the tone of the ECB, fell 0.2% to 1.196 dollars in London on Tuesday, its lowest level since March, as the greenback rallied.
The pound lost 0.5 percentage point after UK lawmakers rejected 4 proposals to withdraw from the EU ten days before the cut-off date.
The pound fell to 1.3044 USD and 85.84 pence for the euro.

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