Economy
The dollar approaches an 18-month high amid rising tensions and anticipation of inflation data.
- The dollar neared an 18-month high amid rising Middle East tensions.
- The Dollar Index slightly decreased to 102.16 points, close to its peak.
- The Indian Rupee rose 1% against the dollar due to Reserve Bank measures.
- The South Korean Won increased 0.5%, reaching its highest level in two years.
The dollar approached its highest level in a year and a half on Monday, supported by investors seeking safe assets amid rising tensions in the Middle East and anticipation of U.S. inflation data set to be released this week.
Global Currency Performance
- Dollar Index: The index slightly decreased to 102.16 points, remaining close to its 18-month peak.
- Against the Yen: The dollar fell 0.06% to 158.245 yen.
- Australian Dollar: It stabilized at 0.69815 dollars.
- New Zealand Dollar: It remained steady at 0.56080 dollars.
- Euro: The euro increased 0.1% to 1.121 dollars.
- Pound Sterling: The pound rose 0.1% to 1.3245 dollars.
Asian Currency Movements
- Indian Rupee: The rupee gained 1% to 95.8 against the dollar, following measures from the Reserve Bank of India to ease pressure on the currency.
- South Korean Won: The won increased 0.5% to 1,334 against the dollar, marking its highest level in two years.
The post Dollar Approaches Highest Level in 18 Months Amid Rising Tensions and Anticipation of Inflation Data appeared first on Yemen TV Channel.
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