How much is the dollar price today, Monday? A question posed by many who are interested in knowing the prices of foreign currencies, and despite the stability of the US dollar today, the green currency has risen against the rest of the other foreign currencies.
The rise in the dollar today comes in conjunction with dealers awaiting a series of federal reserve officials throughout the week, which may provide more indicators on interest rate prospects in the United States, after the central bank resumed the monetary facilitation course last week.
Currency movements in early Asian transactions witnessed a relatively calm, after a week characterized by sharp fluctuations after a package of interest decisions that included federal, England Bank and Japan Bank, according to Reuters.
Regarding other foreign exchange rates; The yen fell 0.16% to record 148.22 against the dollar, to retract its gains last Friday after the Bank of Japan adopted a more strict tone, which strengthened the expectations of the possibility of raising interest in the near term.
As for the British pound, it fell to the lowest level in two weeks at $ 1.3458, affected by internal pressures after a jump in British government borrowing and the England Bank’s decision on interest, which highlighted the difficulty of balancing politics makers between growth and curbing inflation.
“We have been in our expectations for the next action to 2026,” said Jin Foley, head of the currency strategy at Rapopopank, about the next step of England Bank.
She added, “But even though this has become mostly calculated in the market, and with the investor in the pound focus on the British financial situation, we see that the currency will remain under pressure during the fall and perhaps after it.”
In the broader markets, the dollar continued to recover from the sudden decline he recorded last week after the federal reduced the interest, raising a little against a basket of currencies to 97.75.
The euro fell 0.07% to $ 1.1738, while the Australian dollar fell 0.02% to $ 0.6589.
About ten federal officials, including President Jerome Powell, are scheduled to cast letters this week, as investors are closely waiting for their opinions on the economy and the independence of the central bank.
“There are opportunities for these letters to move the exchange markets,” said Joseph Kaporso, head of the Currency Sector and International Economy at the Australian Bank of Commonwealth.
As for the external yuan, it remained almost stable after the last decisions, to record a slight increase of 0.06% at 7.1151 against the dollar.
