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The dollar reached its highest level in 16 months against its major rivals on Monday, while the pound sterling and the euro fell due to uncertainties surrounding Britain's exit from the 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 greenback against six major currencies, rose more than 0.5% to 97.42, hit level 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 pound fell from about 1% to its lowest level in ten days against the dollar and recorded 1.2855 dollar. Against the euro, the pound lost 0.3% to its lowest level in a week at 87.73 pence.
The price of gold has fallen to its lowest level in a month, thanks to the appreciation of the dollar. Spot gold fell 0.3% to settle at $ 1205.86 the ounce, after hitting its lowest level of $ 1205 earlier in the session.
Harish V. "The dollar is strengthening after last week's Fed meeting and positive data on the US economy, putting pressure on unproductive assets such as gold," he said. he declares.
Silver rose 0.1% to 14.17 dzlar per ounce. The metal fell in the previous session to its lowest level since Sept. 18 at 14.06 dollars, palladium fell 0.2% to 1113.92 dollars an ounce and platinum declined by 0 , 1% to 848.50 dollars an ounce. (Reuters)
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