Us dollar nearing its highest price in 20 years ...Egypt

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The US dollar index approached its highest level in 20 years against other major currencies, in Friday’s trading, as the US dollar boosted selling in markets amid fears of global recession. The dollar index, which measures the currency’s performance against six major rival currencies, rose 0.5 percent in early European trading hours, to hit a 20-year high at 104.07 points, according to Reuters. The dollar later lost strength in choppy trading, and last settled at 103.55. It was clear that the index would achieve gains for the fifth consecutive week, rising by 0.3 percent during the week. On the other hand, the euro lost as much as 0.5 percent against the dollar in early European trading hour

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Last updated : 06 May 2022 clock 05:15 PM

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Us dollar nearing its highest price in 20 years ...Egypt

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