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The US dollar rose strongly in the US global market, today, Thursday, against a basket of global currencies, to resume its gains that were temporarily halted yesterday, as investors’ focus is still focused on buying the US currency as the best available investment.
This comes in light of the recovery of the long-term Treasury bond yields in the United States, before the release of important economic data on monthly retail sales and weekly jobless claims, which may enhance the chances of the Federal Reserve imminently tightening monetary policy.
According to the Wall Street Journal, the dollar index increased by 0.35 percent to the level of 92.80 points, and the opening level of trading today, at 92.46 points, and recorded the lowest level at 92.45 points.