© Archyde.com. A woman holds US dollar bills in an illustration taken on May 30, 2022. Photo: Dado Ruvic/Archyde.com.
NEW YORK (Archyde.com) – The U.S. dollar fell against most of the other major currencies on Thursday, moving in line with falling Treasury yields, as investors stuck to their views that the Federal Reserve does not need to raise interest rates too much because inflation is starting to get under control. .
In evening trading, it fell 0.2 percent to 103.24.
The euro, which has the largest weight in the dollar index, also rose 0.2 percent to $1.0733.
The pound rose 0.3 percent against the dollar to $1.2114, both of which were reinforced by improved sentiment towards risk in the markets.
The Australian dollar, which is often seen as an indicator of risk appetite, rose 0.8% to $0.6973.
The dollar rose 0.1 percent to 131.575 yen.
(Prepared by Mahmoud Salama for the Arabic Bulletin)