The dollar falls from a 16-month high as investors rake in profits

Yesterday, the euro fell below the $ 1.13 mark, Italy maintaining its budget deficit according to a deferred project and after the euro-zone economy experienced the lowest growth recorded for four years in the third quarter.
According to Reuters, major currencies traded in tight ranges as the dollar fell from the 16-month high reached this week as investors sell at a profit.
The pound collapsed as investors prepared for the clash between British Prime Minister Teresa Mae and her cabinet colleagues, seeking to convince them of an agreement reached to exit the country. United Kingdom of the European Union.
The euro fell to $ 1.1265, down 0.2% after trading above $ 1.13 on Tuesday night.
The single currency hit a 16-month low of 1.1216 dollars earlier this week.
The dollar index rose 0.1% to 97,383 and hit its highest level in 16 months, to 97,693 on Monday.
The pound sterling is down 0.4% to 1.2922 dollar and 0.2% against the euro to 87.18 pence.
The Swedish krona lost 0.7% against the euro to reach 10.299 Swedish kroner after lower than expected inflation.
The dollar was little changed from the yen at 113.90, and the Japanese currency reached its lowest level in six weeks, at 114.20 on Monday.
The Australian dollar fell to $ 0.7199, down 0.2%, and the Canadian dollar to 1.3240 Canadian dollar against the US dollar, approaching its lowest level in four months, due to lower crude oil prices, one of the main products exported to Canada.
On the other hand, gold prices stabilized yesterday, as the dollar fell from the highest level reached in 16 months earlier in the week, due to the rise in the euro and the pound sterling after the conclusion of a draft agreement for the separation of the British from the European Union.
The spot price for gold was set at $ 1,022.88 an ounce and prices fell earlier in the session to reach their lowest level since October 11 in New York. 1195.90 dollars an ounce.
John Sharma, an economist at the Australian National Bank, said that American gold futures had risen 0.1% to 1203.9 dollars an ounce. "
"We are seeing investors and speculators taking gold because it could potentially reach 1230 and 1240 dollars," Sharma said.
Silver rose 0.1% to 14 dollars an ounce, while palladium lost 0.5%, to reach 1105.25 dollars an ounce, while platinum declined from 0.1% to 834 dollars an ounce.