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The US dollar fell in the US global market today, Friday, against a basket of global currencies, to give up the highest level in 20 years recorded yesterday, due to the activity of correction and profit-taking, according to the Wall Street Journal.
And the US currency is on the verge of achieving its third consecutive weekly gain thanks to massive dollar buying as the best investment available, following historical inflation data in the US, which boosted the odds that the Federal Reserve will raise the federal funds rate by 100 points later this month.
The dollar index fell today, Friday, by 0.4 percent to the level of 108.23 points, from the opening level of trading today at 108.67 points, and recorded the highest level at 108.71 points.