London (Archyde.com)
The dollar continued to rise today, Thursday, to reach levels not reached in 24 years once morest the yen and close to parity with the euro, amid speculation by traders that the Federal Reserve will raise interest rates to combat inflation. Which measures its value once morest six currencies by more than 13 percent this year. It increased 0.2 percentage point to 108,500.
The dollar rose more than one percent once morest the yen, to more than 139 yen to the dollar for the first time since 1998. It rose in the last trading 1.3 percent to 139.18 yen to the dollar.
The price of the euro fluctuated directly above its parity with the dollar, a day following it fell from this level for the first time in 20 years. The single currency was down 0.5%, last trading down 0.3% to $1.00310.
The price of the pound sterling fell 0.2% to $ 1.18,580 as concerns persisted regarding the outlook for the British economy, despite data on Wednesday showing an unexpected rise in gross domestic product in May.
