The US dollar rose against various currencies on Tuesday after two central bank monetary policy officials suggested a possible hike in US interest rates next month.
The US dollar rose against various currencies on Tuesday after two US central bank monetary policy officials hinted that US interest rates could rise next month. In contrast, the euro fell 0.8 percent to $ 1.05, The US dollar rose 0.6% against the New Zealand dollar, 0.5% against the Australian dollar, and 0.4% against the Swiss franc. Gold price. With the rise of the US currency, the price of gold fell about 0.7% To about 1230 d Lara an ounce, but it's still up more than 6% from its level at the end of last year. And the ounce is worth about 28 grams. The dollar stalled in the first weeks of 2017, where he gave up the increases he had recorded against the major currencies after the election of Donald Trump as President of the United States in November 2016. The biggest reasons for the stumbling The reluctance of Trump's administration to strengthen the dollar, and the chaos that characterized the first month of Trump's rule, which dampened optimism about his plans to cut taxes and increase spending. On the other hand, there were good economic data and rises in US inflation, prompting US monetary policy officials to launch Promises to lift Interest rates soon, making the US currency more attractive.
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