The euro and sterling fell to a one-month low once morest the US dollar on Friday, as investors worried regarding a further slowdown in global economic growth following US Federal Reserve officials reiterated the need to raise interest rates.
The dollar index rose 0.2% to 107.69, following earlier touching 107.74, its highest level since July 18. The index is on track to rise 1.9% this week, to be its best performance in ten weeks.
The euro settled at $1.0084, following touching its lowest level since July 15, and sterling fell 0.4% to its lowest level in a month, recording $1.1882.
And the euro is on its way to a decline of 1.7% since last Friday, which would make it the worst week since the eighth of July. As for the sterling pound, it is regarding to record its worst weekly performance in more than a year, with expectations that its weekly decline will reach 2%.
The US dollar rose once morest the Japanese yen to 136.76, the highest level since July 27, and the Chinese yuan fell to its lowest level in three months to 6.8150 per dollar in local transactions following the Chinese central bank greatly reduced its mid-point guidance and with traders anticipating a further decline due to the economic slowdown.
For cryptocurrencies, Bitcoin fell 7% to $21,793 and Ether fell 5.8 percent to $1,737.
