US dollar climbs to its highest level in 20 years ...Egypt

EGYPT INDEPENDENT - News
US dollar climbs to its highest level in 20 years
The US dollar rose to a 20-year high on Monday as a combination of rising US Treasury yields and closures in China boosted the dollar’s safe-haven appeal. The dollar index exceeded 104.19 for the first time since July 2002, continuing its rise against a basket of major currencies by nine percent this year; supported by the rise in US Treasury yields. The yield on the benchmark 10-year bond reached 3.18 percent for the first time since November 2018, and has doubled in the past two months. The Federal Reserve raised US interest rates much higher compared to its counterparts, the Bank of England and the European Central Bank. Money markets anticipate the US to raise interest rates by another 2

Hence then, the article about us dollar climbs to its highest level in 20 years was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US dollar climbs to its highest level in 20 years )

Apple Storegoogle play

Last updated :

Also on site :