The dollar is approaching its highest level in 2021, amid expectations of a rise

US dollar prices began approaching the highest levels in 2021, with entering the last quarter of the year, as the US currency is heading to achieve its best weekly performance since last June, amid expectations from investors that the Federal Reserve will raise interest rates faster than its main counterparts , especially since it tends to tighten monetary.

And the US currency gained support during the past days, as it is a safe haven, after fears that dominate market sentiment due to the outbreak of the new Corona virus pandemic in the world, and amid the fluctuation of Chinese growth and the lack of any progress in Washington before the deadline to raise the government borrowing ceiling in the United States of America.

The dollar is approaching its highest level in 2021, amid expectations of a rise

Dollar and currency prices in the markets

Currency prices witnessed a state of instability during the past hours, as the US dollar index settled at 94.287, after it achieved a profit of 1.1% since the beginning of this week, which is the largest weekly rise since the last days of last June, and the price of the euro stabilized in trading today, Friday, 1.1578. Dollars, and it fell by about 1.3% in the week and fell from the main support level at about 1.16 dollars, to reach its lowest level since July 2020.

The price of the Chinese yen rose from its lowest level in 19 months, but soon lost about 0.6% in a week, and the same percentage in two weeks, and the rise in US treasury yields attracted inflows from Japan to the dollar, and the price of the Japanese currency in the latest transactions reached 111.21 for the US dollar. .

The benchmark ten-year treasury yields continued to rise for the sixth week in a row, and the real ten-year yields, which are deducted from inflation, rose at a much faster pace than their counterparts in Europe, while the commodity-linked currencies jumped against the US dollar in trading yesterday, Thursday, after a Bloomberg report He reported that China directed energy companies to provide supplies for the winter at any cost, but it came under pressure on Friday.

The price of the dollar today, Friday, in Egypt

Today, Friday, the first of October, the price of the dollar witnessed stability, as it reached 15.64 pounds in the National Bank of Egypt for purchase, and 15.74 pounds for sale. About 15.65 pounds for purchase, and 15.75 pounds for sale, and the price of the American currency in Bank Audi reached about 15.66 pounds for purchase, and about 15.76 pounds for sale.

The price of the dollar in the Central Bank today reached about 15.66 pounds for purchase, and 15.75 for sale.

 
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