The dollar rose today, following strong jobs data for the month of March reinforced expectations that the Federal Reserve (the US central bank) will raise interest rates once more, next May.
The dollar index rose 0.67 percent in the latest trading once morest a basket of currencies to 102.68, the highest level since April 3, while the euro fell 0.51 percent to $ 1.0841, the lowest level since April 3.
The dollar rose once morest the Japanese yen following the new BoJ Governor, Kazuo Ueda, said: “It is appropriate to maintain the Bank’s ultra-loose monetary policy for the time being, with inflation not yet reaching 2 percent.”
The dollar rose in its latest transactions by 1 percent to 133.45 yen, the highest level since the third of April.
The focus of the US economy this week is on consumer price data?, which will be released the day following tomorrow, Wednesday.
