lundi 20 février 2017

Dollar climbs to its highest level in nine months



The dollar rose against a basket of major currencies in Asian trading early on Monday after a wave of risk aversion in global markets resulting from the election, Donald Trump, president of the United States.

The dollar rose 0.4 percent for the index up to 99.428 after touching 99.445, its highest level since the first of February.

The increased value of the dollar under the light of expectations that the next administration Trump Stjnh to increase spending and raise the rate of inflation and increase Treasury yields for ten years to the highest level in 10 months by about 2.18 percent in Asian markets.

These hopes also dispelled a cloud of risk aversion in equity markets such as the United States and Japan, giving the greenback a big boost against the yen safe haven forces.

The Dow Jones index closed at a record high Friday, while the Nikkei index rose 1.4 percent in early trading Monday.

The European currency has been under considerable negative pressure amid fears that Trump win foreign policies can affect the referendums and elections in Italy, the Netherlands and France in the next year.

The euro fell 0.5 percent to $ 1.0800 after touching $ 1.0798, the lowest level since late January.