The rise of the dollar amid investors’ anticipation of US inflation data

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• Friday, February 10, 2023 – 5:31 pm

Dollar prices rose broadly today, with investors still reluctant to take risks ahead of US inflation data expected next week.

The dollar index, which measures the performance of the US currency once morest a basket of currencies, rose 0.155 percent to 103.34, following falling 0.24 percent in the previous session. The index is heading for gains for the second week in a row, which it has not recorded since last October.

The euro fell 0.15 percent to 1.072 dollars, heading for losses for the second week in a row, while the pound sterling fell in the latest transactions by 0.24 to 1.2093 dollars, and the yen fell 0.12 percent to 131.74 per dollar.

The Australian dollar also fell 0.20% to $0.692, and the New Zealand dollar fell 0.24% to $0.631.