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Thursday, October 17, 2024

The green currency jumps to the highest level in 11 weeks

The green currency jumps to the highest level in 11 weeks

US retail sales rose 0.4 percent last month after a 0.1 percent increase in August

Economists polled by Reuters had expected retail sales to rise 0.3 percent.

Price movements

The dollar index rose in the latest trading by 0.16 percent to 103.70 after touching 103.87 earlier in the session, its highest level since August 2.

And it went down euro 0.25 percent to $1.0834 after earlier reaching $1.0811, the lowest level since August 2.

The yen fell 0.07 percent to 149.76 per dollar after reaching 150.08 earlier, its lowest level since August 1.

A stronger-than-expected jobs report for September added to optimism American economy It is still in good condition.

The Australian dollar rose after employment data exceeded Australia Forecast for the sixth consecutive month in September.

The Australian dollar rose in recent transactions by 0.36 percent to 0.669 US dollars.

In terms of digital currencies, the currency declined Bitcoin 0.94 percent to $66,977.



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