Iuyork (Reuters) - The dollar cohesion, near its highest level in seven months against a basket of major currencies on Wednesday after it boosted last minutes of a meeting of the Federal Reserve (the US central bank) expectations that the bank will raise interest rates in December, while the pound has increased the support of receding worries about the British economy.
Fed meeting in September, the minutes showed that many of the members who have the right to vote in the bank's monetary policy committee believe that a rate hike would be justified "relatively soon" if the US economy continues to improve.
And went down the dollar index, which tracks the US currency's performance against a basket of six major currencies, initially following the publication of minutes of the meeting, but came back to rise to close with little change. The index in the latest reading, up by 0.21 percent to 97.900, nearing its highest level in seven months, of which 98.043 touched before the publication of the record.
In the latest insider dollar rose 0.71 percent against the Japanese currency to 104.23 yen after touching earlier in the highest level in more than ten weeks at 104.48 yen.
The euro fell 0.35 percent against the greenback to $ 1.1014 after touching its lowest level in 11-week low of $ 1.1005 earlier.
The dollar rose in the latest transactions 0.16 percent against the Swiss franc to 0.9897 francs, near its highest level in 11 weeks of 0.9909 francs touched earlier.
Sterling rose in the latest insider 0.67 percent to 1.2204, after rising 1.6 percent earlier to its highest level in the session at $ 1.2326.
(Preparation Abdel Moneim Dirar Arab Bulletin)
Fed meeting in September, the minutes showed that many of the members who have the right to vote in the bank's monetary policy committee believe that a rate hike would be justified "relatively soon" if the US economy continues to improve.
And went down the dollar index, which tracks the US currency's performance against a basket of six major currencies, initially following the publication of minutes of the meeting, but came back to rise to close with little change. The index in the latest reading, up by 0.21 percent to 97.900, nearing its highest level in seven months, of which 98.043 touched before the publication of the record.
In the latest insider dollar rose 0.71 percent against the Japanese currency to 104.23 yen after touching earlier in the highest level in more than ten weeks at 104.48 yen.
The euro fell 0.35 percent against the greenback to $ 1.1014 after touching its lowest level in 11-week low of $ 1.1005 earlier.
The dollar rose in the latest transactions 0.16 percent against the Swiss franc to 0.9897 francs, near its highest level in 11 weeks of 0.9909 francs touched earlier.
Sterling rose in the latest insider 0.67 percent to 1.2204, after rising 1.6 percent earlier to its highest level in the session at $ 1.2326.
(Preparation Abdel Moneim Dirar Arab Bulletin)
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