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Friday, October 4, 2024

The dollar is on track to record its largest weekly gain since April

The dollar is on track to record its largest weekly gain since April

Market activity is expected to be modest prior to the publication of data Jobs US non-farm figures are due later Friday which may help shape the Fed’s outlook Federal (US Central Bank) interest rates.

Data published yesterday, Thursday, showed that the number of Americans who applied for new… Unemployment benefits It rose slightly last week.

The dollar index, which measures… US currency against six currencies, to 101.92 in the latest trading, which is a level not far from its highest level in six weeks at 102.09 that it touched yesterday, Thursday. The index rose 1.5 percent over the week.

And he settled down euro At $1.1034, after falling 1.18 percent since the beginning of the week until now.

And he arrived Pound Sterling In the latest trading on Friday, it reached $1.3131, hovering near its lowest level in three weeks at $1.3093, which it touched yesterday, Thursday.

This week, investors focused on the escalating tension in the Middle East, which led to higher prices Oil And retreat Currencies Highly susceptible to risks.

And he scored Dollar The Australian dollar rose in early trading by 0.14 percent at $0.6850, but it fell by 0.8 percent during the week and is heading to record its first weekly decline in four weeks.

The New Zealand dollar saw little change at $0.62135, but fell by two percent during the week.

And it went down Japanese currency Three percent this week in the largest weekly decline since November 2016 and touched its lowest level since August 20 at 147.25 yen to the dollar. On Friday, the yen rose 0.2 percent to 146.63 yen.



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