The dollar at its highest level in 16 months, the fuzzy secession of Britain hurts the pound sterling and the euro | Market conversation



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The dollar reached its highest level in 16 months against its two major rivals, while the pound sterling and the euro fell due to the uncertainty surrounding Britain's exit from the United States. ;European Union.

The US currency has received support from the US Federal Reserve, which confirmed last week its intention to raise interest rates next month and is still considering a possible rate hike twice until mid-2019, thanks to the strength of the economy.

The dollar index, which measures the performance of the US dollar against the six major currencies, rose by more than 0.5% to 97.42, a level hit in June 2017. The dollar rose for four consecutive weeks and increased 0.4% last week.

Concern over the division of the euro zone plunged 0.7% to 1.1257 dollars, the lowest level since June 2017, and euro losses continue for a fourth consecutive session.

Against the Japanese yen, the dollar rose 0.3% to a record 114.18 yen, its lowest level since October 4th.

The British pound fell nearly 1% to its lowest level in 10 days against the dollar and reached 1.2855 USD, against 0.3% against the euro, its lowest level in a week to 87, 73 pence.

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